Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/10A-5A-1.03.htm |
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Depth: | 0 singles |
Size: | 1,931 bytes |
Modified: | 2015-06-10 14:26:06 |
Categories: | -None- |
Title: | 10A-5A-1.03 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 10A-5A-1.03 Knowledge; notice. (a) A person knows a fact when the person: (1) has actual knowledge of it; or (2) is deemed to know it under law other than this chapter. (b) A person has notice of a fact when the person: (1) knows of it; (2) receives notification of it; (3) has reason to know the fact from all of the facts known to the person at the time in question; or (4) is deemed to have notice of the fact under subsection (d). (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 is deemed to have notice of a limited liability company's: (1) matters included in the certificate of formation under Sections 10A-5A-2.01(a)(1), (a)(2), (a)(3), (a)(4) and, if applicable, (a)(5) upon filing; (2) dissolution, 90 days after a statement of dissolution under Section 10A-5A-7.02(b)(1) becomes effective; (3) merger or conversion, 90 days after a statement of merger or statement of conversion under Article 10 becomes effective; and (4) reinstatement, 90 days after a certificate of reinstatement under Section 10A-5A-7.08 becomes effective. (e) A member's knowledge, notice or receipt of a notification of a fact relating to the limited liability company is not knowledge, notice or receipt of a notification of a fact by the limited liability company solely by reason of the member's capacity as a member. (Act 2014-144, p. 265, ยง1.) |