Knowledge — notice.

1. A person knows a fact if the person has or is any of the following: a. Has actual knowledge of it. b. Is deemed to know it under subsection 4 , paragraph “a” , or law other than this chapter . 2. A person has notice of a fact if the person has or is any of the following: a. Has reason to know the fact from all the facts known to the person at the time in question. b. Is deemed to have notice of the fact under subsection 4 , paragraph “b” . 3. Subject to section 489.210, subsection 6 , 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. 4. A person not a member is deemed all of the following: a. To know of a limitation on authority to transfer real property as provided in section 489.302, subsection 7 . b. To have notice of all of the following: (1) The limited liability company’s dissolution, ninety days after a statement of dissolution under section 489.702, subsection 2 , paragraph “b” , subparagraph (1), becomes effective. (2) The limited liability company’s termination, ninety days after a statement of termination under section 489.702, subsection 2 , paragraph “b” , subparagraph (6), becomes effective. (3) The limited liability company’s participation in a merger, interest exchange, conversion, or domestication, ninety days after the statement of merger, interest exchange, conversion, or domestication under subchapter X becomes effective. 2008 Acts, ch 1162, §3, 155 ; 2023 Acts, ch 152, §3, 161 ; 2024 Acts, ch 1125, §2, 31 ; 2025 Acts, ch 30, §86 Referred to in §489.209 , 489.302 , 489.14502 Subsection 4, paragraph b, subparagraph (3) amended