Alaska Statutes: AS 32.11.070. Liability For False Statement in Certificate.

Alaska Statutes. Title 32. Partnership Chapter 11. Uniform Limited Partnership Act Section 70. Liability For False Statement in Certificate.

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AS 32.11.070. Liability For False Statement in Certificate.

If a certificate of limited partnership or certificate of amendment or cancellation contains a false statement, one who suffers loss by reliance on the statement may recover damages for the loss from

(1) a person who executes the certificate, or causes another to execute the certificate on the person's behalf, and knew, and a general partner who knew or should have known, the statement to be false at the time the certificate was executed; and
(2) a general partner who thereafter knows or should have known that an arrangement or other fact described in the certificate has changed, making the statement inaccurate in any respect within a sufficient time before the statement was relied upon reasonably to have enabled that general partner to cancel or amend the certificate, or to file a petition for its cancellation or amendment under AS 32.11.050 .

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