Georgia § 14-9A-43 - Person erroneously believing himself limited partner not liable as general partner.
Full text of Georgia Official Code of Georgia Annotated § 14-9A-43 — Person erroneously believing himself limited partner not liable as general partner., with citation guidance and answers to common questions.
§ 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. (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.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 14-9A-43
What does Official Code of Georgia Annotated § 14-9A-43 cover?
Section 14-9A-43 ("Person erroneously believing himself limited partner not liable as general partner.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 14-9A-43?
A common citation format is "Official Code of Georgia Annotated § 14-9A-43" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 14-9A-43 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.