§ 8613. Knowledge and notice.

405 words·~2 min read·/pa/title-15/chapter-86/8613

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 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

(c)or (d).

(c)Effect of certificate.-- A certificate of limited partnership on file in the department is notice that the partnership is a limited partnership and the persons designated in the certificate as general partners are general partners. Except as provided under subsection

(d)and section 8201(g) (relating to scope), the certificate is not notice of any other fact.

(d)Constructive notice.-- A person not a partner is deemed to have notice of:

(1)another person's dissociation as a general partner 90 days after an amendment to the certificate of limited partnership which states that the other person has dissociated becomes effective or 90 days after a certificate of dissociation pertaining to the other person becomes effective, whichever occurs first;

(2)a limited partnership's:

(i)dissolution 90 days after an amendment to the certificate of limited partnership stating that the limited partnership is dissolved is effective;

(ii)termination 90 days after a certificate of termination under section 8682(e) (relating to winding up and filing of certificates) is effective; and

(iii)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)Notification.-- Except as provided in 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.

(f)Effect of partner's knowledge or notice.-- A general partner's knowledge or notice of a fact relating to the limited 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 the general partner. A limited partner's knowledge or notice of a fact relating to the partnership is not effective as knowledge of or notice to the partnership.

15c8614s