2005 Minnesota Statutes

     322A.17 Liability for false statement in certificate. 

    If any 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) any person who executes the certificate, or causes 
 another to execute it on the person's behalf, and knew, and any 
 general partner who knew or should have known, the statement to 
 be false at the time the certificate was executed; and 

    (2) any general partner who thereafter knows or should have 
 known that any 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 section 322A.15. 

    HIST: 1980 c 582 art 5 s 14; 1986 c 444