§ 21-103 — Knowledge; notice

(RULLCA 103) (a) A person knows a fact
when the person:
(1) has actual knowledge
of it; or
(2)
is deemed to know it under subdivision (d)(1) of this section or law other
than the Nebraska Uniform Limited Liability Company Act.
(b) A person has notice
of a fact when the person:
(1) has reason to know the fact from all of the facts
known to the person at the time in question; or
(2) is deemed to have notice of
the fact under subdivision (d)(2) of this section.
(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 that is
not a member is deemed:
(1)
to know of a limitation on authority to transfer real property as provided
in subsection (g) of section 21-127 ; and
(2) to have notice of a limited liability company's:
(A) dissolution, ninety
days after a statement of dissolution under subdivision (b)(1)(B) of section 21-148 becomes effective;
(B)
termination, ninety days after a statement of termination under subdivision
(b)(2)(E) of section 21-148 becomes effective; and
(C) merger, conversion, or domestication,
ninety days after articles of merger, conversion, or domestication under sections 21-170 to 21-184 become effective.

Legislative History

Source: Laws 2010, LB888, § 3.