A person who erroneously believes herself to be a limited partner can avoid being held liable as a general partner if, on ascert

Question

3 years ago

7

A person who erroneously believes herself to be a limited partner can avoid being held liable as a general partner if, on ascert

aining the mistake, she files a certificate of formation or amendment with the secretary of state, or ____________________:

Social Studies

1 answer:

shusha [124] · Answer 1 · 2022-04-09T06:22:01+03:00

Answer:

In this case, she can either file a certificate of amendment or formation with the secretary of states or she could on the other hand pull out from all equity participation in the future in the enterprise and then file a certificate stating same with the secretary of state. A request to return original contribution cannot be effective. Even is the person withdraws or sends an explanation in writing to notify of the mistake, and this is signed by general partners as well as the person, this does not exempt the person from the liability of a general partner.

Explanation: