Section 10-9C-208 (Effective January 1, 2010) Liability for false information in filed record. - Alabama Statutes

Section 10-9C-208

(Effective January 1, 2010) Liability for false information in filed record.

(a) If a record delivered for filing under this chapter and filed under this chapter contains information which is false in any material respect, a person that suffers loss by reasonable reliance on the information may recover damages for the loss from:

(1) a person that signed the record, or caused another to sign it on the person's behalf, and knew the information to be false at the time the record was signed; and

(2) a general partner that has notice that the information was false when the record was filed or has become false because of changed circumstances, if the general partner has notice for a reasonably sufficient time before the information is relied upon to enable the general partner to effect an amendment under Section 10-9C-202, file a petition pursuant to Section 10-9C-205, or deliver for filing a statement of change pursuant to Section 10-9C-115 or a statement of correction pursuant to Section 10-9C-207.

(b) Signing a record authorized or required to be filed under this chapter constitutes an affirmation under the penalties of perjury in the third degree that the facts stated in the record are true in all material respects.

(Act 2009-621, §1.)