2005 Idaho Code - 53-618 — LIMITED LIABILITY COMPANY CHARGED WITH KNOWLEDGE OF OR NOTICE TO MEMBER OR MANAGER

                                  TITLE  53
                                 PARTNERSHIP
                                  CHAPTER 6
                     IDAHO LIMITED LIABILITY COMPANY ACT
    53-618.  LIMITED LIABILITY COMPANY CHARGED WITH KNOWLEDGE OF OR NOTICE TO
MEMBER OR MANAGER. (1) Except as provided in subsection (2) of this section,
notice to any member of any matter relating to the business or affairs of the
limited liability company, and the knowledge of the member acting in the
particular matter, acquired while a member or known at the time of becoming a
member, and the knowledge of any other member who reasonably could and should
have communicated the knowledge to the acting member, operate as notice to or
knowledge of the limited liability company, except in the case of a fraud on
the limited liability company committed by or with the consent of that member.
    (2)  If the articles of organization provide that management of the
liability company is vested in a manager or managers:
    (a)  Notice to any manager of any matter relating to the business or
    affairs of the limited liability company, and the knowledge of the manager
    acting in the particular matter, acquired while a manager or known at the
    time of becoming a manager, and the knowledge of any other manager who
    reasonably could and should have communicated the knowledge to the acting
    manager, operate as notice to or knowledge of the limited liability
    company, except in the case of a fraud on the limited liability company
    committed by or with the consent of that manager; and
    (b)  Notice to or knowledge of any member of a limited liability company
    while the member is acting solely in the capacity of a member is not
    notice to or knowledge of the limited liability company.