{"data":{"id":"us-ar/ark.-code-ann.-4-38-103","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-38-103","heading":"Knowledge - Notice","body":"(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) 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) is deemed to have notice of the fact under subsection (d)(2). (c) Subject to § 4-38-210(f) , 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 member is deemed: (1) to know of a limitation on authority to transfer real property as provided in § 4-38-302(g) ; and (2) to have notice of a limited liability company's: (A) dissolution 90 days after a statement of dissolution under § 4-38-702(b)(2)(A) becomes effective; (B) termination 90 days after a statement of termination under § 4-38-702(b)(2)(F) becomes effective; and (C) participation in a merger, interest exchange, conversion, or domestication, 90 days after articles of merger, interest exchange, conversion, or domestication under § 4-38-1001 et seq. become effective. Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021.\n\n(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) or law other than this chapter.\n\n(1) has actual knowledge of it; or\n\n(2) is deemed to know it under subsection (d)(1) or law other than this chapter.\n\n(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) is deemed to have notice of the fact under subsection (d)(2).\n\n(1) has reason to know the fact from all the facts known to the person at the time in question; or\n\n(2) is deemed to have notice of the fact under subsection (d)(2).\n\n(c) Subject to § 4-38-210(f) , 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.\n\n(d) A person not a member is deemed: (1) to know of a limitation on authority to transfer real property as provided in § 4-38-302(g) ; and (2) to have notice of a limited liability company's: (A) dissolution 90 days after a statement of dissolution under § 4-38-702(b)(2)(A) becomes effective; (B) termination 90 days after a statement of termination under § 4-38-702(b)(2)(F) becomes effective; and (C) participation in a merger, interest exchange, conversion, or domestication, 90 days after articles of merger, interest exchange, conversion, or domestication under § 4-38-1001 et seq. become effective.\n\n(1) to know of a limitation on authority to transfer real property as provided in § 4-38-302(g) ; and\n\n(2) to have notice of a limited liability company's: (A) dissolution 90 days after a statement of dissolution under § 4-38-702(b)(2)(A) becomes effective; (B) termination 90 days after a statement of termination under § 4-38-702(b)(2)(F) becomes effective; and (C) participation in a merger, interest exchange, conversion, or domestication, 90 days after articles of merger, interest exchange, conversion, or domestication under § 4-38-1001 et seq. become effective.\n\n(A) dissolution 90 days after a statement of dissolution under § 4-38-702(b)(2)(A) becomes effective;\n\n(B) termination 90 days after a statement of termination under § 4-38-702(b)(2)(F) becomes effective; and\n\n(C) participation in a merger, interest exchange, conversion, or domestication, 90 days after articles of merger, interest exchange, conversion, or domestication under § 4-38-1001 et seq. become effective.","path":["AR Code","Title 4","Chapter 38","Subchapter 1"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"28707173286345e78e04e07ddba7c392dc40d9668eb7c2395662f156f0de9f24","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-38-102","next":"us-ar/ark.-code-ann.-4-38-104"},"notice":"GroundRules: Original legal text. Not legal advice."}