10-11631. Civil liability for false
statements
A. If any report, certificate or other statement made or public notice given by the
officers or directors of a corporation is false in a material representation or if any
book, record or account of the corporation is knowingly or wrongfully altered, the
officers, directors or agents knowingly or wrongfully authorizing, signing or making the
false report, certificate, other statement or notice or authorizing or making the
wrongful alteration are jointly and severally personally liable to a person who has
become a creditor or member of the corporation on the faith of the false material
representation or alteration for all damages resulting.
B. An action for the liability imposed by this section shall be commenced within
two years after discovery of the false representation or alteration and within six years
after the certificate, report, public notice or other statement or the alteration has
been made or given by the officers, directors or agents of the corporation.
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