Text of the provision
Art. 1847. If the certificate contains a false statement, one who suffers loss by reliance on such statement may hold liable any party to the certificate who knew the statement to be false:
(1) At the time he signed the certificate, or
(2) Subsequently, but within a sufficient time before the statement was relied upon to enable him to cancel or amend the certificate, or to file a petition for its cancellation or amendment as provided in article 1865.
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
One who suffers loss by relying on a false statement in the certificate may hold liable any party who knew it was false when signing (or who failed to correct it in time).
Related provisions
- Article 1846 — Surname of a Limited Partner.
- Article 1848 — When a Limited Partner Becomes Liable as General.
Cases interpreting this article
- Authorities on this article will be added here as each is verified against primary sources.