KNOWLEDGE -- NOTICE

30-23-103. KNOWLEDGE -- NOTICE. (a) 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) of this section or law other than this chapter. (b) 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) As deemed to have notice of the fact under subsection (d)(2) of this section. (c) 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. (d) A person not a partner is deemed: (1) To know of a limitation on authority to transfer real property as provided in section 30-23-303(g), Idaho Code; and (2) To have notice of: (A) 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 (B) A partnership's: (i) Dissolution ninety (90) days after a statement of dissolution under section 30-23-802, Idaho Code, becomes effective; (ii) Termination ninety (90) days after a statement of termination under section 30-23-802, Idaho Code, becomes effective; and (iii) 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. (e) 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.