Partnership
General and Limited Liability Partnerships
Section 2
Interpretation of knowledge and notice.
     48-1-2 (Repealed 07/01/12).   Interpretation of knowledge and notice.
     (1) Within the meaning of this chapter, a person is deemed to have knowledge of a fact not only when he has actual knowledge thereof, but also when he has knowledge of such other facts that to act in disregard of them shows bad faith.
     (2) A person has notice of a fact within the meaning of this chapter when the person who claims the benefit of the notice:
     (a) states the fact to such person; or
     (b) delivers through the mail, or by other means of communication, a written statement of the fact to such person, or to a proper person at his place of business or residence.

No Change Since 1953
Repealed by Chapter 353, 2011 General Session
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