There is a newer version of the Idaho Code and Statutes
2016 Idaho Statutes
Title 30 - CORPORATIONS
Chapter 6 - IDAHO UNIFORM LIMITED LIABILITY COMPANY ACT
Part 1 - GENERAL PROVISIONS
Section 30-6-103 - KNOWLEDGE -- NOTICE.
ID Code § 30-6-103 (2016) What's This?
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.
History:
[30-6-103, added 2008, ch. 176, sec. 1, p. 482.]
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