Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 8413 - Knowledge and notice(a)Knowledge.--A person knows a fact if the person: (1) has actual knowledge of it; or(2) is deemed to know it under subsection (d)(1) or law other than this chapter.(b) Notice.--A person has notice of a fact if the person:(1) has reason to know the fact from all the facts known to the person at the time in question; or(2) is deemed to have notice of the fact under subsection (d)(2).(c) Notification.--Except as provided under section 113(b) (relating to delivery of document), 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.(d)Constructive knowledge or notice.--A person not a partner is deemed: (1) to know of a limitation on authority to transfer real property as provided in section 8433(g) (relating to certificate of partnership authority); and(2) to have notice of: (i) a person's dissociation as a partner 90 days after a certificate of dissociation under section 8474 (relating to certificate of dissociation) becomes effective;(ii) the dissolution of the partnership 90 days after a certificate of dissolution under section 8482(b) (2)(i) (relating to winding up and filing of certificates) is effective;(iii) the termination of the partnership 90 days after a certificate of termination under section 8482(b) (2)(vi) is effective; and(iv) participation in a merger, interest exchange, conversion, division or domestication, 90 days after a statement of merger, interest exchange, conversion, division or domestication under Chapter 3 (relating to entity transactions) is effective.(e)Effect of partner's knowledge or notice.--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 P.L. TBD 2016 No. 170, § 25, eff. 2/19/2017.