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Idaho Code § 30-23-103

Knowledge — Notice

Known as the Idaho Uniform Partnership Act

The act spans §§ 30–30 (63 sections).

I.C., § 30-23 -103, as added by 2015, ch. 243, § 23, p. 758; am. 2020, ch. 82, § 19, p. 174.

(1) A person knows a fact if the person: Has actual knowledge of it; or

(2) Is deemed to know it under subsection (d)(1) of this section or law other than this chapter.

(3) A person has notice of a fact if the person: Has reason to know the fact from all the facts known to the person at the time in question; or

(4) As deemed to have notice of the fact under subsection (d)(2) of this section.

(5) Subject to section 30-21-212, Idaho Code, 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.

(6) A person not a partner is deemed: To know of a limitation on authority to transfer real property as provided in section 30-23-303(g), Idaho Code; and

(7) To have notice of: A person’s dissociation as a partner ninety (90) days after a statement of dissociation under section 30-23-704, Idaho Code, becomes effective; and

(8) A partnership’s: Dissolution ninety (90) days after a statement of dissolution under section 30-23-802, Idaho Code, becomes effective;

(9) Termination ninety (90) days after a statement of termination under section 30-23-802, Idaho Code, becomes effective; and

(10) Participation in a merger, interest exchange, conversion, or domestication ninety (90) days after articles of merger, interest exchange, conversion, or domestication under chapter 22, title 30, Idaho Code, become effective.

(11) 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.

Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.