Partnerships transacting business in more than one State will want to file copies of statements in each State because subsection (a) limits the legal effect of filed statements to property located or transactions occurring within the State. The filing of a certified copy of a statement originally filed in another State is permitted, and indeed encouraged, in order to avoid inconsistencies between statements filed in different States.

3. Subsection (b), in effect, mandates the use of certified copies of filed statements for local recording in the real estate records by limiting the legal effect of recorded statements under the Act to those copies. The reason for recording only certified copies of filed statements is to eliminate the possibility of inconsistencies affecting the title to real property.

Subsection (c) requires that statements filed on behalf of a partnership, that is, the entity, be executed by at least two partners. Individual partners and other persons authorized by the Act to file a statement may execute it on their own behalf. To protect the partners and the partnership from unauthorized or improper filings, an individual who executes a statement as a partner must personally declare under penalty of perjury that the statement is accurate.

The amendment or cancellation of statements is authorized by subsection (d).

As a further safeguard against inaccurate or unauthorized filings, subsection (e) requires that a copy of every statement filed be sent to each partner, although the failure to do so does not limit the effectiveness of the statement. This requirement may, however, be eliminated in the partnership agreement. See Section 103(b)(1). Partners may also file a statement of denial under Section 304.

4. A filed statement may be amended or canceled by any person authorized by the Act to file an original statement. The amendment or cancellation must state the name of the partnership so that it can be properly indexed and found, identify the statement being amended or canceled, and the substance of the amendment or cancellation. An amendment generally has the same operative effect as an original statement. A cancellation of extraordinary authority terminates that authority. A cancellation of a limitation on authority revives a previous grant of authority. See Section 303(d). The subsequent filing of a statement similar in kind to a statement already of record