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New York Consolidated Laws, Partnership Law - PTR § 95. Liability for false statements in certificate

Current as of January 01, 2026 | Updated by Findlaw Staff

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

(a) At the time he signed the certificate, or

(b) 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 section one hundred and fourteen of this article.

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Cite this article: FindLaw.com - New York Consolidated Laws, Partnership Law - PTR § 95. Liability for false statements in certificate - last updated January 01, 2026 | https://codes.findlaw.com/ny/partnership-law/ptr-sect-95/

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