Section 48-1d-103 - Knowledge - Notice(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 48-1d-116(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 partner is deemed: (a) to know of a limitation on authority to transfer real property as provided in Subsection 48-1d-303(7); and(b) to have notice of: (i) a partner's dissociation 90 days after a statement of dissociation under Section 48-1d-804 becomes effective; and(ii) a partnership's: (A) dissolution 90 days after a statement of dissolution under Subsection 48-1d-902(2)(b)(i) becomes effective;(B) termination 90 days after a statement of termination under Subsection 48-1d-902(2)(b)(vi) becomes effective;(C) 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(D) 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.(5) A partner's knowledge or notice of a fact relating to the partnership is effective immediately as knowledge of or notice to the partnership, except in the case of a fraud on the partnership committed by or with the consent of that partner.Added by Chapter 412, 2013 General Session ,§ 15, eff. 1/1/2014.