State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-103

21-103. Knowledge; notice.(ULLCA 103) (a) A person knows a factwhen the person:(1) has actual knowledgeof it; or(2)is deemed to know it under subdivision (d)(1) of this section or law otherthan the Nebraska Uniform Limited Liability Company Act.(b) A person has noticeof a fact when the person:(1) has reason to know the fact from all of the factsknown to the person at the time in question; or(2) is deemed to have notice ofthe fact under subdivision (d)(2) of this section.(c) A person notifies another ofa fact by taking steps reasonably required to inform the other person in ordinarycourse, whether or not the other person knows the fact.(d) A person that isnot a member is deemed:(1)to know of a limitation on authority to transfer real property as providedin subsection (g) of section 21-127; and(2) to have notice of a limited liability company's:(A) dissolution, ninetydays 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. SourceLaws 2010, LB888, § 3.Operative Date: January 1, 2011