D.C. Code § 29-1202.05: Liability for inaccurate information in filed record.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 12. Statutory Trusts.
- 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