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Alaska Statutes (Last Updated: January 11, 2017) |
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Title 32. PARTNERSHIP. |
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Chapter 32.11. UNIFORM LIMITED PARTNERSHIP ACT. |
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Article 32.11.01. FORMATION AND CONVERSION TO LIMITED PARTNERSHIP. |
Section 32.11.070. Liability for false statement in certificate.
Latest version.
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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.
Authorities
32.11.350