CODE OF VIRGINIA

LIABILITY FOR FALSE STATEMENT IN CERTIFICATE (§ 50-73.18)

If any certificate filed pursuant to this chapter contains a false or inaccurate
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 his behalf, and knew, and any general partner who knew or should have
   known, the statement to be false in any material respect 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 cancel or amend the certificate, or to file a petition for
   its cancellation or amendment under § 50-73.16 before the statement was
   reasonably relied upon.

HISTORY: 1985, c. 607; 1987, c. 702.