Okla. Stat. tit. 54, § 54-500-103A
This is the official text of Okla. Stat. tit. 54, § 54-500-103A, part of Oklahoma’s Stat. tit. 54, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 54,." Browse the sections below, each linked to its official government source.
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Knowledge and notice
Official statutory text
KNOWLEDGE AND NOTICE.
(a) A person knows a fact if the person has actual knowledge of
it.
(b) A person has notice of a fact if the person:
(1) knows of it;
(2) has received a notification of it;
(3) has reason to know it exists from all of the facts known to
the person at the time in question; or
(4) has notice of it under subsection (c) or (d) of this
section.
Oklahoma Statutes - Title 54. Partnership Page 80
(c) A certificate of limited partnership on file in the Office
of the Secretary of State is notice that the partnership is a
limited partnership and the persons designated in the certificate as
general partners are general partners. Except as otherwise provided
in subsection (d) of this section, the certificate is not notice of
any other fact.
(d) A person has notice of:
(1) another person’s dissociation as a general partner, ninety
(90) days after the effective date of an amendment to the
certificate of limited partnership which states that the other
person has dissociated or ninety (90) days after the effective date
of a statement of dissociation pertaining to the other person,
whichever occurs first;
(2) a limited partnership’s dissolution, ninety (90) days after
the effective date of an amendment to the certificate of limited
partnership stating that the limited partnership is dissolved;
(3) a limited partnership’s cessation, ninety (90) days after
the effective date of a statement of cessation;
(4) a limited partnership’s conversion under Article 11 of this
act, ninety (90) days after the effective date of the articles of
conversion; or
(5) a merger under Article 11 of this act, ninety (90) days
after the effective date of the articles of merger.
(e) A person notifies or gives a notification to another person
by taking steps reasonably required to inform the other person in
ordinary course, whether or not the other person learns of it.
(f) A person receives a notification when the notification:
(1) comes to the person’s attention; or
(2) is delivered at the person’s place of business or at any
other place held out by the person as a place for receiving
communications.
(g) Except as otherwise provided in subsection (h) of this
section, a person other than an individual knows, has notice, or
receives a notification of a fact for purposes of a particular
transaction when the individual conducting the transaction for the
person knows, has notice, or receives a notification of the fact, or
in any event when the fact would have been brought to the
individual’s attention if the person had exercised reasonable
diligence. A person other than an individual exercises reasonable
diligence if it maintains reasonable routines for communicating
significant information to the individual conducting the transaction
for the person and there is reasonable compliance with the routines.
Reasonable diligence does not require an individual acting for the
person to communicate information unless the communication is part
of the individual’s regular duties or the individual has reason to
know of the transaction and that the transaction would be materially
affected by the information.
Oklahoma Statutes - Title 54. Partnership Page 81
(h) A general partner’s knowledge, notice, or receipt of a
notification of a fact relating to the limited partnership is
effective immediately as knowledge of, notice to, or receipt of a
notification by the limited partnership, except in the case of a
fraud on the limited partnership committed by or with the consent of
the general partner. A limited partner’s knowledge, notice, or
receipt of a notification of a fact relating to the limited
partnership is not effective as knowledge of, notice to, or receipt
of a notification by the limited partnership.
(a) A person knows a fact if the person has actual knowledge of
it.
(b) A person has notice of a fact if the person:
(1) knows of it;
(2) has received a notification of it;
(3) has reason to know it exists from all of the facts known to
the person at the time in question; or
(4) has notice of it under subsection (c) or (d) of this
section.
Oklahoma Statutes - Title 54. Partnership Page 80
(c) A certificate of limited partnership on file in the Office
of the Secretary of State is notice that the partnership is a
limited partnership and the persons designated in the certificate as
general partners are general partners. Except as otherwise provided
in subsection (d) of this section, the certificate is not notice of
any other fact.
(d) A person has notice of:
(1) another person’s dissociation as a general partner, ninety
(90) days after the effective date of an amendment to the
certificate of limited partnership which states that the other
person has dissociated or ninety (90) days after the effective date
of a statement of dissociation pertaining to the other person,
whichever occurs first;
(2) a limited partnership’s dissolution, ninety (90) days after
the effective date of an amendment to the certificate of limited
partnership stating that the limited partnership is dissolved;
(3) a limited partnership’s cessation, ninety (90) days after
the effective date of a statement of cessation;
(4) a limited partnership’s conversion under Article 11 of this
act, ninety (90) days after the effective date of the articles of
conversion; or
(5) a merger under Article 11 of this act, ninety (90) days
after the effective date of the articles of merger.
(e) A person notifies or gives a notification to another person
by taking steps reasonably required to inform the other person in
ordinary course, whether or not the other person learns of it.
(f) A person receives a notification when the notification:
(1) comes to the person’s attention; or
(2) is delivered at the person’s place of business or at any
other place held out by the person as a place for receiving
communications.
(g) Except as otherwise provided in subsection (h) of this
section, a person other than an individual knows, has notice, or
receives a notification of a fact for purposes of a particular
transaction when the individual conducting the transaction for the
person knows, has notice, or receives a notification of the fact, or
in any event when the fact would have been brought to the
individual’s attention if the person had exercised reasonable
diligence. A person other than an individual exercises reasonable
diligence if it maintains reasonable routines for communicating
significant information to the individual conducting the transaction
for the person and there is reasonable compliance with the routines.
Reasonable diligence does not require an individual acting for the
person to communicate information unless the communication is part
of the individual’s regular duties or the individual has reason to
know of the transaction and that the transaction would be materially
affected by the information.
Oklahoma Statutes - Title 54. Partnership Page 81
(h) A general partner’s knowledge, notice, or receipt of a
notification of a fact relating to the limited partnership is
effective immediately as knowledge of, notice to, or receipt of a
notification by the limited partnership, except in the case of a
fraud on the limited partnership committed by or with the consent of
the general partner. A limited partner’s knowledge, notice, or
receipt of a notification of a fact relating to the limited
partnership is not effective as knowledge of, notice to, or receipt
of a notification by the limited partnership.
Status: in_force · Read it on the official government site
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