KRS 362.427: Liability for false statement in certificate.

If a certificate of limited partnership, certificate of amendment or certificate of

cancellation contains a false statement, a person who suffers loss by reliance on that

statement may recover damages for the loss from:

(1) Any person who executed the cert ificate, or caused another to execute it on his

behalf, and knew, and any general partner who knew or should have known, the

statement to be false at the time the certificate was executed; and

(2) Any general partner who thereafter knows or should have kno wn that any

arrangement or other fact described in the certificate has changed, making the

statement inaccurate in any material respect, within a sufficient time before the

statement was relied upon reasonably to have enabled that general partner to cancel

or amend the certificate or to file a petition for its cancellation or amendment

pursuant to KRS 362.423.