§ 8413. Knowledge and notice.

339 words·~2 min read·/pa/title-15/chapter-84/8413

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

(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.

15c8413v

Cross References. Section 8413 is referred to in sections 8433, 8474, 8702, 8705 of this title.

15c8414s