§ 100. Status of person erroneously believing himself a limited
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; provided that on
ascertaining the mistake he promptly renounces his interest in the
profits of the business, or other compensation by way of income.