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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 29-801.03: Knowledge; notice.

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Where this section sits in the code
  1. Title 29. Business Organizations. [Enacted title]
  2. Chapter 8. Limited Liability Companies.
  3. Subchapter I. General Provisions.

(a)

A person knows a fact when 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 when the person:

(1)

Has reason to know the fact from all of 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) of this section;

(c)

A person notifies another of a fact by taking steps reasonably required to inform the other person in ordinary course, whether or not the other person knows the fact.

(d)

A person that is not a member shall be deemed to:

(1)

Know of a limitation on authority to transfer real property as provided in § 29-803.02(g); and

(2)

Have notice of a limited liability company’s:

(A)

Dissolution, 90 days after a statement of dissolution under § 29- 807.02(b)(2)(A) becomes effective;

(B)

Termination, 90 days after a statement of termination § 29-807.02(b)(2)(F) becomes effective; and

(C)

Participation in a merger, interest exchange, conversion, or domestication, 90 days after the articles of merger, interest exchange, conversion, or domestication under subchapter IX of this chapter or under Chapter 2 of this title becomes effective.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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