                                 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 &#xA7; 50-73.16 before the statement was
reasonably relied upon.

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