2011 Idaho Code
TITLE 30 CORPORATIONS
CHAPTER 6 IDAHO UNIFORM LIMITED LIABILITY COMPANY ACT
PART 1. GENERAL PROVISIONS
30-6-103 KNOWLEDGE -- NOTICE.

30-6-103. Knowledge -- Notice. (1) A person knows a fact when the person:

(a) Has actual knowledge of it; or

(b) Is deemed to know it under subsection (4)(a) of this section or law other than this chapter.

(2) A person has notice of a fact when the person:

(a) Has reason to know the fact from all of the facts known to the person at the time in question; or

(b) Is deemed to have notice of the fact under subsection (4)(b) of this section;

(3) 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.

(4) A person that is not a member is deemed:

(a) To know of a limitation on authority to transfer real property as provided in section 30-6-302(7), Idaho Code; and

(b) To have notice of a limited liability company’s:

(i) Dissolution, ninety (90) days after a statement of dissolution under section 30-6-702(2)(b)(i), Idaho Code, becomes effective;

(ii) Termination, ninety (90) days after a statement of termination under section 30-6-702(2)(b)(vi), Idaho Code, becomes effective; and

(iii) Merger, conversion or domestication, ninety (90) days after articles of merger, conversion or domestication under part 10 of this chapter become effective.