{"data":{"id":"us-or/ors-70.140","jurisdiction":"us-or","citation":"ORS 70.140","heading":"Liability of person who erroneously believes person is limited partner.","body":"A person who makes a contribution to a business enterprise and erroneously but in good faith believes that the person has become a limited partner in the enterprise is not a general partner in the enterprise and is not bound by its obligations by reason of making the contribution, receiving distributions from the enterprise or exercising any rights of a limited partner if, on ascertaining the mistake, the person promptly takes either of the following actions:\n      (1) Causes an appropriate certificate of limited partnership or a certificate of amendment to be executed and filed.\n      (2) Withdraws from future equity participation in the enterprise by executing and submitting for filing with the Office of Secretary of State a certificate declaring withdrawal under this section.","path":["02 - Business Organizations, Commercial Code","7. Corporations and Partnerships","Chapter 70 — Limited Partnerships"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors070.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:10Z","sha256":"99ef7d1d7a886a0280c41cac5a7cbe7c415edbfa4ae52cc7c802e10431aaffdd","source_id":"us-or","stale":false,"prev":"us-or/ors-70.135","next":"us-or/ors-70.145"},"notice":"GroundRules: Original legal text. Not legal advice."}