21-103. Knowledge; notice.

216 words·~1 min read·/ne/chapter-21/21-103

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(RULLCA 103)

(a)A person knows a fact when the person:

(1)has actual knowledge of it; or

(2)is deemed to know it under subdivision (d)(1) of this section or law other than the Nebraska Uniform Limited Liability Company 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 subdivision (d)(2) 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 21-127 ; and

(2)to have notice of a limited liability company's:

(A)dissolution, ninety days after a statement of dissolution under subdivision (b)(1)(B) of section 21-148 becomes effective;

(B)termination, ninety days after a statement of termination under subdivision (b)(2)(E) of section 21-148 becomes effective; and

(C)merger, conversion, or domestication, ninety days after articles of merger, conversion, or domestication under sections 21-170 to 21-184 become effective.