Maryland Statutes

§ 10-207

Maryland·Article gca Corporations and Associations·Title 10
(a)If any certificate contains a false statement, one who suffers loss by reliance on the statement may recover damages for the loss from:
(1)Any person who executes the certificate, or causes another to execute it on that person’s behalf, and knew, and any general partner who knew or should have known, the statement to be false at the time the certificate was executed; and
(2)Any general partner who thereafter knows or should have known that any arrangement or other fact described in the certificate has changed, making the statement inaccurate in any material respect, if that general partner had sufficient time to amend or cancel the certificate or to file a petition under § 10–205 of this subtitle before the statement was relied upon.
(b)A person is

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Nearby Sections

15
§ 10-1001
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