§ 42:2C-3 — Knowledge; notice.

3. 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 paragraph (1) of subsection d. of this section or law other than this 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 paragraph (2) of subsection d. 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 28 of this act; and (2) to have notice of a limited liability company's: (a) dissolution, 90 days after a certificate of dissolution, pursuant to subparagraph (a) of paragraph (2) of subsection b. of section 49 of this act becomes effective; (b) termination, 90 days after a statement of termination, pursuant to subparagraph (f) of paragraph (2) of subsection b. of section 49 of this act becomes effective; and (c) merger, conversion, or domestication, 90 days after articles of merger, conversion, or domestication under Article 10 (sections 73 through 87 of this act) become effective. L.2012, c.50, s.3.