{"data":{"id":"us-ks/k.s.a.-56-1a204","jurisdiction":"us-ks","citation":"K.S.A. 56-1a204","heading":"Person erroneously believing self to be limited partner.","body":"(a) Except as provided in subsection (b), a person who makes a contribution to a partnership and who erroneously but in good faith believes that the person has become a limited partner in the partnership is not a general partner in the partnership and is not bound by its obligations by reason of making the contribution, receiving distributions from the partnership or exercising any rights of a limited partner if, on ascertaining the mistake, such person withdraws from future equity participation in the enterprise by taking such action as may be necessary to withdraw.\n(b) A person who makes a contribution under the circumstances described in subsection (a) is liable as a general partner to any third party who transacts business with the partnership prior to the occurrence of either of the events referred to in subsection (a):\n(1) If the person knew or should have known either that no certificate has been filed or that the certificate inaccurately refers to the person as a general partner; and\n(2) if the third party actually believed in good faith that the person was a general partner at the time of the transaction and acted in reliance on such belief.","path":["Chapter 56.—PARTNERSHIPS","Article 1a.—REVISED UNIFORM LIMITED PARTNERSHIP ACT"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch56/056_001a_0204.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:19:51Z","sha256":"33177737e3856487970ba9a0f58445fcb41641e0c61bf7c3b59e1643d43572cf","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-56-1a203","next":"us-ks/k.s.a.-56-1a205"},"notice":"GroundRules: Original legal text. Not legal advice."}