North Carolina § 59-42 - Partnership charged with knowledge of or notice to partner.
Full text of North Carolina North Carolina General Statutes § 59-42 — Partnership charged with knowledge of or notice to partner., with citation guidance and answers to common questions.
§ 59-42. Partnership charged with knowledge of or notice to partner.
Notice to any partner of any matter relating to partnership affairs, and the knowledge of the partner acting in the particular matter, acquired while a partner or then present to his mind, and the knowledge of any other partner who reasonably could and should have communicated it to the acting partner, operate as notice to or knowledge of the partnership, except in the case of a fraud on the partnership committed by or with the consent of that partner. History (1941, c. 374, s. 12.) Legal Periodicals. - For survey of 1980 commercial law, see 59 N.C.L. Rev. 1081 (1981). For comment, "Creating the Legal Monster: The Expansion and Effect of Legal Malpractice Liability in North Carolina," see 18 Campbell L. Rev. 121 (1996).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 59-42
What does North Carolina General Statutes § 59-42 cover?
Section 59-42 ("Partnership charged with knowledge of or notice to partner.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 59-42?
A common citation format is "North Carolina General Statutes § 59-42" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 59-42 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.