Liability for False Statement in Certificate

1. Law
2. Georgia Code
3. Corporations, Partnerships, and Associations
4. Limited Partnerships
5. Limited Partnerships Formed Since February 15, 1952
6. Formation, Cancellation, and Amendment
7. Liability for False Statement in Certificate

If the certificate required under Code Section 14-9A-20 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:

1. At the time he signed the certificate; or
2. Subsequently, but within a sufficient time before the statement was relied upon to enable him to cancel or amend the certificate or to file a petition for its cancellation or amendment as provided in subsection (c) of Code Section 14-9A-26.

(Ga. L. 1952, p. 375, § 6; Code 1981, §14-9-27; Code 1981, §14-9A-27, as redesignated by Ga. L. 1988, p. 1016, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 59A Am. Jur. 2d, Partnership, §§ 787, 792 et seq., 823.

C.J.S.

- 68 C.J.S., Partnership, §§ 575, 578.

U.L.A.

- Uniform Limited Partnership Act (U.L.A.), § 6.

ALR.

- Liability for false information in certificate of limited partnership, under Uniform Limited Partnership Act § 6, 34 A.L.R.2d 1454.

PART 3 LIMITED PARTNERS

14-9A-40. Character of limited partner's contribution.

The contributions of a limited partner may be cash or other property but not services.

(Ga. L. 1952, p. 375, § 4; Code 1981, §14-9-40; Code 1981, §14-9A-40, as redesignated by Ga. L. 1988, p. 1016, § 1.)

RESEARCH REFERENCES

C.J.S.

- 68 C.J.S., Partnership, § 568.

U.L.A.

- Uniform Limited Partnership Act (U.L.A.) § 4.

Download our app to see the most-to-date content.