---
title: O.C.G.A. § 14-9A-43. Person erroneously believing himself limited partner not liable as general partner.
collection: code
id: 14-9A-43
cite_as: O.C.G.A. § 14-9A-43 (2025)
canonical_url: https://georgiacommons.org/code/14-9A-43
md_url: https://georgiacommons.org/code/14-9A-43.md
text_url: https://georgiacommons.org/code/14-9A-43/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t14-(v12)-2017-pdf.pdf?sfvrsn=507372ea_0#page=1072
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/14-9A.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS / LIMITED PARTNERSHIPS / LIMITED PARTNERSHIPS FORMED SINCE FEBRUARY 15, 1952 / LIMITED PARTNERS
---

# O.C.G.A. § 14-9A-43. Person erroneously believing himself limited partner not liable as general partner.

A person who has contributed to the capital of a business conducted by a person or partnership erroneously believing that he has become a limited partner in a limited partnership is not, by reason of his exercise of the rights of a limited partner, a general partner with the person or in the partnership carrying on the business, or bound by the obligations of such person or partnership if, on ascertaining the mistake, he promptly renounces his interest in the profits of the business or other compensation by way of income.

## History

Ga. L. 1952, p. 375, § 11; Code 1981, § 14-9-43; Code 1981, § 14-9A-43, as redesignated by Ga. L. 1988, p. 1016, § 1.