(1) If the certificate contains a false statement, one who suffers loss by reliance on such statement may hold liable any party to the certificate who knew the statement to be false:
At the time such party signed the certificate; or
Subsequently but within a sufficient time before the statement was relied upon toenable such party to cancel or amend the certificate or to file a petition for its cancellation or amendment as provided in section 7-61-126 (3).
Source: L. 31: p. 629, § 6. CSA: C. 123, § 49. CRS 53: § 104-2-6. C.R.S. 1963: § 104-2-6. L. 2004: Entire section amended, p. 1436, § 111, effective July 1.