§ 48-3a-103. Knowledge -- Notice.

10/1/2026 (1) A person knows a fact if the person: (a) has actual knowledge of it; or (b) is deemed to know it under Subsection (4)(a) or law other than this chapter. (2) A person has notice of a fact if the person: (a) has reason to know the fact from all 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). (3) Subject to Subsection 48-3a-209(6), a person notifies another person of a fact by taking steps reasonably required to inform the other person in ordinary course, whether or not those steps cause the other person to know the fact. (4) A person not a member is deemed: (a) to know of a limitation on authority to transfer real property as provided in Subsection 48-3a-302(7); and (b) to have notice of a limited liability company's: (i) dissolution 90 days after a statement of dissolution under Subsection 48-3a-703(2)(b)(i) becomes effective; (ii) termination 90 days after a statement of termination under Subsection 48-3a-703(2)(b)(vi) becomes effective; (iii) participation in a merger, interest exchange, conversion, or domestication 90 days after a statement of merger, interest exchange, conversion, or domestication under Part 10, Merger, Interest Exchange, Conversion, and Domestication, becomes effective; and (iv) abandonment of a merger, interest exchange, conversion, or domestication 90 days after a statement of abandonment of merger, interest exchange, conversion, or domestication under Part 10, Merger, Interest Exchange, Conversion, and Domestication, becomes effective.