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Utah Code Title 48. Partnership--Unincorporated Business Entities § 48-1d-117. Liability for inaccurate information in filed record

Current as of May 05, 2022 | Updated by FindLaw Staff

(1) If a record delivered to the division for filing under this chapter and filed by the division contains inaccurate information, a person that suffers loss by reliance on the information may recover damages for the loss from:

(a) 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;  and

(b) a partner, if:

(i) the record was delivered for filing on behalf of the partnership;  and

(ii) the partner had notice of the inaccuracy for a reasonably sufficient time before the information was relied upon so that, before the reliance, the partner reasonably could have:

(A) effected an amendment under Subsection 48-1d-1101(6);

(B) filed a petition under Section 48-1d-111;  or

(C) delivered to the division for filing a statement of change under Section 16-17-206 or a statement of correction under Section 48-1d-115.

(2) An individual who signs a record authorized or required to be filed under this chapter affirms under penalty of perjury that the information stated in the record is accurate.

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Cite this article: FindLaw.com - Utah Code Title 48. Partnership--Unincorporated Business Entities § 48-1d-117. Liability for inaccurate information in filed record - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-48-partnership-unincorporated-business-entities/ut-code-sect-48-1d-117/

Read this complete Utah Code Title 48. Partnership--Unincorporated Business Entities § 48-1d-117. Liability for inaccurate information in filed record on Westlaw

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