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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 29-1202.05: Liability for inaccurate information in filed record.

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Where this section sits in the code
  1. Title 29. Business Organizations. [Enacted title]
  2. Chapter 12. Statutory Trusts.
  3. Subchapter II. Formation; Certificate of Trust and Other Filings; Process.

(a)

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

(1)

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

(2)

Subject to subsection (b) of this section, a trustee of a statutory trust, if:

(A)

The record was delivered for filing on behalf of the trust; and

(B)

The trustee had notice of the inaccuracy for a reasonably sufficient time before the information was relied upon so that, before the reliance, the trustee reasonably could have:

(i)

Effected an amendment under § 29-1202.02;

(ii)

Filed a petition under § 29-1202.04; or

(iii)

Delivered to the Mayor for filing a statement of change under § 29-104.07 or a statement of correction under § 29-102.05.

(b)

An individual who signs a record authorized or required to be filed under this title affirms under penalty of making false statements that the information stated in the record is accurate.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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