183.0205 Liability for inaccurate information in filed record.

170 words·~1 min read·/wi/chapter-183/183-0205

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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

(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.

(b)Subject to sub.

(2), a member of a member-managed limited liability company or a manager of a manager-managed limited liability company if all of the following apply:

1. The record was delivered for filing on behalf of the company.

2. The member or manager knew or had notice of the inaccuracy for a reasonably sufficient time before the information was relied upon so that, before the reliance, the member or manager reasonably could have done any of the following:

a. Effected an amendment under s. 183.0202 .