Arizona Statutes

§ 29-3205 — Liability for inaccurate information in filed record

Arizona·Title 29 Arizona Revised Statutes·Ch. 7 ARIZONA LIMITED LIABILITY COMPANY ACT·Art. 2 Formation; Articles of Organization and Other Filings

A. If a record that is delivered to the commission for filing under this chapter and that is filed by the commission contains inaccurate 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 inaccurate at the time the record was signed. 2. Subject to subsection B of this section, a member of a member-managed limited liability company or a manager of a manager-managed limited liability company if both of the following apply:

(a)The record was delivered for filing on behalf of the company.
(b)The member or manager knew or had notice of the inaccuracy for a reasonably sufficient time before the information was rel

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