Knowledge; notice — Maine Code § 1503.
Maine Code § 1503. — Knowledge; notice. Reproduced from the official Maine Revised Statutes, with a citation summary, verification link, and related provisions.
§ 1503.. Knowledge; notice
1. Knows. A person knows a fact when the person:
A. Has actual knowledge of it; or [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
B. Is deemed to know it under law other than this chapter. [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
2. Notice. A person has notice of a fact when the person:
A. Knows of it; [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
B. Receives notification of it; [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
C. Has reason to know the fact from all of the facts known to the person at the time in question; or [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
D. Is deemed to have notice of the fact under subsection 4. [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
3. Notifies. 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.
4. Nonmember; notice. A person that is not a member is deemed to have notice of a limited liability company's:
A. Matters included in the certificate of formation under section 1531, subsection 1, paragraph A, upon filing; [PL 2011, c. 113, Pt. A, §5 (AMD).]
B. Termination, 90 days after a certificate of cancellation under section 1533 becomes effective; [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
C. Merger or conversion, 90 days after a statement of merger or statement of conversion under subchapter 12 becomes effective; and [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
D. Revival, 90 days after a certificate of revival under section 1604 becomes effective. [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]
5. Member; knowledge, notice or receipt of notification. A member's knowledge, notice or receipt of a notification of a fact relating to the limited liability company is not knowledge, notice or receipt of a notification of a fact by the limited liability company solely by reason of the member's capacity as a member.
Source: official Maine text · Last verified 2026-08-27
At a glance
- Citation: Maine Revised Statutes § 1503.
- Jurisdiction: Maine
- Code: Maine Revised Statutes
- Subject: Knowledge; notice
- Text: transcribed from the official source (verify below)
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Common questions
What is the source of Maine Revised Statutes § 1503.?
The text above is transcribed from the Maine Revised Statutes, the codified statutes of Maine. The official publisher link appears under "Verify the text" on this page.
What subject does Maine Revised Statutes § 1503. address?
It addresses "Knowledge; notice". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Maine Revised Statutes § 1503. still in force?
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