{"data":{"id":"us-ak/as-10.50.260","jurisdiction":"us-ak","citation":"AS 10.50.260","heading":"Limited liability company charged with knowledge of or notice to member or manager.","body":"(a) Except as provided in (b) and (c) of this section, and except for a fraud on the company committed by or with the consent of the member who has the knowledge or receives the notice, the following operate as notice to or knowledge of a limited liability company:\n(1) notice given to a company member of a matter relating to the affairs of the company;\n(2) the knowledge of a company member acting in the particular matter, whether acquired while a member or known at the time of becoming a member; and\n(3) the knowledge of a company member who reasonably could and should have communicated the knowledge to a member acting in the particular matter.\n(b) If the company is managed by a manager, the following operate as notice to or knowledge of a limited liability company, except for a fraud on the company committed by or with the consent of the manager who has the knowledge or receives the notice:\n(1) notice given to a manager of a matter relating to the affairs of the limited liability company;\n(2) the knowledge of the manager acting in the particular matter, acquired while a manager or known at the time of becoming a manager; and\n(3) the knowledge of a company manager who reasonably could and should have communicated the knowledge to the manager acting in the particular matter.\n(c) If the company is managed by a manager, notice to, or the knowledge of, a member of a limited liability company while the member is acting solely in the capacity of a member does not operate as notice to or knowledge of the company.","path":["Title 10. Corporations and Associations.","Chapter 50. Alaska Revised Limited Liability Company Act.","Article 7. Relationship to Third Parties."],"source_url":"https://www.akleg.gov/basis/statutes.asp#10.50.260","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:39Z","sha256":"7c62946032ec559a6e1fca3bfd230d82fd93f7e5a324fbe15eabe7e3e4cf997f","source_id":"us-ak","stale":false,"prev":"us-ak/as-10.50.255","next":"us-ak/as-10.50.265"},"notice":"GroundRules: Original legal text. Not legal advice."}