(a) A person knows a fact when the person:
(1) Has actual knowledge of it; or
(2) Is deemed to know it under subsection (d)(1) of this section or law other than this chapter.
(b) A person has notice of a fact when the person:
(1) Has reason to know the fact from all of the facts known to the person at the time in question; or
(2) Is deemed to have notice of the fact under subsection (d)(2) of this section;
(c) A person notifies another of a fact by taking steps reasonably required to inform the other person in ordinary course, whether or not the other person knows the fact.
(d) A person that is not a member shall be deemed to:
(1) Know of a limitation on authority to transfer real property as provided in § 29-803.02(g); and
(2) Have notice of a limited liability company's:
(A) Dissolution, 90 days after a statement of dissolution under § 29-807. 02(b)(2)(A) becomes effective;
(B) Termination, 90 days after a statement of termination § 29-807.02(b)(2)(F) becomes effective; and
(C) Merger or domestication, 90 days after articles of merger or domestication under subchapter IX of this chapter becomes effective.
CREDIT(S)
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
HISTORICAL AND STATUTORY NOTES
Legislative History of Laws
For history of Law 18-378, see notes under § 29-101.01.
Uniform Law:
This section is based on § 103 of the Uniform Limited Company Act (2006 Act). See Vol. 6B , Uniform Laws Annotated, Master Edition or ULA Database on Westlaw.
