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§ 32-11-070 — Alaska Law | CourtGPT
  1. Home/
  2. Laws/
  3. Alaska/
  4. Title 32 - Partnership/
  5. Chapter 11 - Uniform Limited Partnership Act/
  6. Article 1 - Formation and Conversion to Limited Partnership.sec. 32.11.010. Formation of Limited Partnership/
  7. § 32-11-070
Alaska Legal Code

§ 32-11-070

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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.