Iowa Code § 489.103
Knowledge — notice
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2026
As of January 1, 2012
1. A person knows a fact when the person has or is any of the following:
1. A person knows a fact if the person has or is any of the following:
a. Has actual knowledge of it.
a. Has actual knowledge of it.
b. Is deemed to know it under subsection 4, paragraph “a”, or law other than this chapter.
b. Is deemed to know it under subsection 4, paragraph “a”, or law other than this chapter.
2. A person has notice of a fact when the person has or is any of the following:
2. A person has notice of a fact if the person has or is any of the following:
a. Has reason to know the fact from all of the facts known to the person at the time in question.
a. Has reason to know the fact from all the facts known to the person at the time in question.
b. Is deemed to have notice of the fact under subsection 4, paragraph “b”.
b. Is deemed to have notice of the fact under subsection 4, paragraph “b”.
3. 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.
3. Subject to section 489.210, subsection 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 that is not a member is deemed both of the following:
4. A person not a member is deemed all of the following:
a. To know of a limitation on authority to transfer real property as provided in section 489.302, subsection 7.
a. To know of a limitation on authority to transfer real property as provided in section 489.302, subsection 7.
b. To have notice of all of the following regarding a limited liability company’s:
b. To have notice of all of the following:
(1) Dissolution, ninety days after a statement of dissolution under section 489.702, subsection 2, paragraph “b”, subparagraph (1), becomes effective.
(1) The limited liability company’s dissolution, ninety days after a statement of dissolution under section 489.702, subsection 2, paragraph “b”, subparagraph (1), becomes effective.
(2) Termination, ninety days after a statement of termination under section 489.702, subsection 2, paragraph “b”, subparagraph (6), becomes effective.
(2) The limited liability company’s termination, ninety days after a statement of termination under section 489.702, subsection 2, paragraph “b”, subparagraph (6), becomes effective.
(3) Merger, conversion, or domestication, ninety days after articles of merger, conversion, or domestication under article 10 become effective.
(3) The limited liability company’s participation in a merger, interest exchange, conversion, or domestication, ninety days after the statement of merger, interest exchange, conversion, or domestication under subchapter X becomes effective.
Referred to in
Subsection 4, paragraph b, subparagraph (3) amended
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.