{"data":{"id":"us-ny/n.y.-partnership-law-100","jurisdiction":"us-ny","citation":"N.Y. Partnership Law § 100","heading":"Status of person erroneously believing himself a limited partner","body":"§ 100. Status of person erroneously believing himself a limited\npartner.  A person who has contributed to the capital of a business\nconducted by a person or partnership erroneously believing that he has\nbecome a limited partner in a limited partnership is not, by reason of\nhis exercise of the rights of a limited partner, a general partner with\nthe person or in the partnership carrying on the business, or bound by\nthe obligations of such person or partnership; provided that on\nascertaining the mistake he promptly renounces his interest in the\nprofits of the business, or other compensation by way of income.","path":["Partnership Law","Article 8. Limited Partnerships"],"source_url":"https://legislation.nysenate.gov/api/3/laws/PTR/100","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"9dc7073fc574bd3631df3471824a89e1643162e684067bd8887729623d3f1078","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-partnership-law-99","next":"us-ny/n.y.-partnership-law-101"},"notice":"GroundRules: Original legal text. Not legal advice."}