Vermont § 4002 - Knowledge and notice
Full text of Vermont Vermont Statutes Online § 4002 — Knowledge and notice, with citation guidance and answers to common questions.
§ 4002. 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) has received a notification of the fact; (2) has reason to know of the fact from all of the facts known to the person at the time
in question; or (3) is deemed to have notice of the fact under subsection (d) of this section. (c) A person notifies or gives a notification of a fact to another by taking steps reasonably
required to inform the other person in the ordinary course, whether or not they cause
the other person to know the fact. (d) In the case of a limited liability company’s dissolution, termination, or merger or
conversion, a person who is not a member of the company is deemed to have notice as
follows: (1) for a dissolution, 90 days after a statement of dissolution under section 4103 of this title becomes effective; (2) for a termination, 90 days after the articles of termination under section 4105 of this title become effective; and (3) for a merger or conversion, upon the effective date of articles of merger or a statement
of conversion filed with the Secretary of State. (e) 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. (f) A member’s knowledge, notice, or receipt of a notification of a fact in the member’s
capacity as a member does not impute knowledge, notice, or receipt of notification
of the fact to the limited liability company. (Added 2015, No. 17, § 2.)
Frequently Asked Questions About Vermont § 4002
What does Vermont Statutes Online § 4002 cover?
Section 4002 ("Knowledge and notice") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 4002?
A common citation format is "Vermont Statutes Online § 4002" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 4002 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.