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Partnership | |
General and Limited Liability Partnerships | |
Section 2 | Interpretation of knowledge and notice. |
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48-1-2 (Repealed 07/01/12).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 |
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