§ 17-29-103 — Knowledge; notice

Wyoming § 17-29-103

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 29: WYOMING LIMITED LIABILITY COMPANY ACT
• Art. 1: GENERAL PROVISIONS

Text

(a) A person knows a fact when the person:
(i) Has actual knowledge of it; or
(ii) Is deemed to know it under paragraph (d)(i) of
this section or law other than this chapter.
(b) A person has notice of a fact when the person:
(i) Has reason to know the fact from all of the facts
known to the person at the time in question; or
(ii) Is deemed to have notice of the fact under
paragraph (d)(ii) 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:
(i) To know of a limitation on authority to transfer
real property as provided in W.S. 17-29-302(g); and
(ii) To have notice of a limited liability company's:
(A) Dissolution, ninety (90) days after articles
of dissolution under W.S. 17-29-702(b)(ii)(A) and the limitation
on the member's or manager's authority as a result of the
statement of dissolution becomes effective;
(B) Reserved; and
(C) Merger, conversion, continuance, transfer or
domestication, ninety (90) days after articles of merger,
conversion, continuance, transfer or domestication under article
10 of this chapter become effective.