- Alaska Statutes.
- Title 32. Partnership
- Chapter 6. Uniform Partnership Act
- Section 955. Knowledge and Notice.
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AS 32.06.955. 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; or
- (3) has reason to know it exists from all of the facts known to the person at the time in question.
- (c) A person notifies or gives a notification to another person by taking steps reasonably required to inform the other
person in the ordinary course of business, whether or not the other person learns of it.
- (d) A person receives a notification when the notification
- (1) comes to the person's attention; or
- (2) is duly delivered at the person's place of business or at any other place held out by the person as a place for
- (e) Except as otherwise provided in (f) 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 knows,
has notice of, 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. The person exercises reasonable diligence if
the person maintains reasonable routines for communicating significant information to the individual conducting the
transaction 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
- (f) A partner's knowledge, notice, or receipt of a notification of a fact relating to the partnership is effective
immediately as knowledge by, notice to, or receipt of a notification by the partnership, except in the case of a fraud
on the partnership committed by or with the consent of that partner.
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