§ 4-47-208 - Liability for false information in filed record. - Arkansas Statutes

4-47-208. Liability for false information in filed record.

(a) If a record delivered to the Secretary of State for filing under this chapter and filed by the Secretary of State contains false information, a person that suffers loss by 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 4-47-202, file a petition pursuant to 4-47-205, or deliver to the Secretary of State for filing a statement of change pursuant to 4-20-108 or a statement of correction pursuant to 4-47-207.

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