{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.80.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.80.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.80.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.80.html"}],"law_id":73483,"edition_id":1,"section_id":73483,"structure_id":12959,"section_number":"50-73.80","catch_line":"Knowledge and notice","history":"1996, c. 292.","full_text":"A\n\nA person knows a fact if the person has actual knowledge of it.B\n\nA person has notice of a fact if the person:1\n\nKnows of it;2\n\nHas received a notification of it; or3\n\nHas reason to know it exists from all of the facts known to the person at the time in question.C\n\nA person notifies or gives a notification to another by taking steps reasonably calculated to inform the other person in ordinary course, whether or not the other person learns of it.D\n\nA person receives a notification when the notification:1\n\nComes to the person’s attention; or2\n\nIs duly delivered at the person’s place of business or at any other place held out by the person as a place for receiving communications.E\n\nExcept as otherwise provided in subsection F, 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, 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 it 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 information.F\n\nA 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.","order_by":null,"text":{"0":{"id":264399,"text":"A person knows a fact if the person has actual knowledge of it.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":264400,"text":"A person has notice of a fact if the person:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":264401,"text":"Knows of it;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":264402,"text":"Has received a notification of it; or","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":264403,"text":"Has reason to know it exists from all of the facts known to the person at the time in question.","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"C"},"5":{"id":264404,"text":"A person notifies or gives a notification to another by taking steps reasonably calculated to inform the other person in ordinary course, whether or not the other person learns of it.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B3","next_prefix":"D"},"6":{"id":264405,"text":"A person receives a notification when the notification:","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"D1"},"7":{"id":264406,"text":"Comes to the person’s attention; or","type":"section","prefixes":["D","1"],"prefix":"1","entire_prefix":"D1","prefix_anchor":"D1","level":2,"prior_prefix":"D","next_prefix":"D2"},"8":{"id":264407,"text":"Is duly delivered at the person’s place of business or at any other place held out by the person as a place for receiving communications.","type":"section","prefixes":["D","2"],"prefix":"2","entire_prefix":"D2","prefix_anchor":"D2","level":2,"prior_prefix":"D1","next_prefix":"E"},"9":{"id":264408,"text":"Except as otherwise provided in subsection F, 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, 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 it 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 information.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D2","next_prefix":"F"},"10":{"id":264409,"text":"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.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E"}},"ancestry":[{"id":12959,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":12958,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":234693,"object_type":"structure","relational_id":12959,"identifier":"1","token":"50\/2.2\/1","url":"\/50\/2.2\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12958,"edition_id":1,"name":"Virginia Uniform Partnership Act","identifier":"2.2","label":"chapter","depth":2,"order_by":1,"parent_id":12957,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":234691,"object_type":"structure","relational_id":12958,"identifier":"2.2","token":"50\/2.2","url":"\/50\/2.2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12957,"edition_id":1,"name":"Partnerships","identifier":"50","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":234229,"object_type":"structure","relational_id":12957,"identifier":"50","token":"50","url":"\/50\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":76467,"structure_id":12959,"section_number":"50-73.79","catch_line":"Definitions","url":"\/50-73.79\/","token":"50\/2.2\/1\/50-73.79","metadata":false},{"id":73483,"structure_id":12959,"section_number":"50-73.80","catch_line":"Knowledge and notice","url":"\/50-73.80\/","token":"50\/2.2\/1\/50-73.80","metadata":false},{"id":68353,"structure_id":12959,"section_number":"50-73.81","catch_line":"Effect of partnership agreement; nonwaivable provisions","url":"\/50-73.81\/","token":"50\/2.2\/1\/50-73.81","metadata":false},{"id":58076,"structure_id":12959,"section_number":"50-73.82","catch_line":"Supplemental principles of law","url":"\/50-73.82\/","token":"50\/2.2\/1\/50-73.82","metadata":false},{"id":54051,"structure_id":12959,"section_number":"50-73.83","catch_line":"Execution, filing, and recording of statements; effective time and date; refunds; penalty","url":"\/50-73.83\/","token":"50\/2.2\/1\/50-73.83","metadata":false},{"id":82870,"structure_id":12959,"section_number":"50-73.84","catch_line":"Law governing internal relations","url":"\/50-73.84\/","token":"50\/2.2\/1\/50-73.84","metadata":false},{"id":72050,"structure_id":12959,"section_number":"50-73.85","catch_line":"Transactions between partner and partnership","url":"\/50-73.85\/","token":"50\/2.2\/1\/50-73.85","metadata":false},{"id":69746,"structure_id":12959,"section_number":"50-73.86","catch_line":"Partnership subject to amendment or repeal of chapter","url":"\/50-73.86\/","token":"50\/2.2\/1\/50-73.86","metadata":false}],"previous_section":{"id":76467,"structure_id":12959,"section_number":"50-73.79","catch_line":"Definitions","url":"\/50-73.79\/","token":"50\/2.2\/1\/50-73.79","metadata":false},"next_section":{"id":68353,"structure_id":12959,"section_number":"50-73.81","catch_line":"Effect of partnership agreement; nonwaivable provisions","url":"\/50-73.81\/","token":"50\/2.2\/1\/50-73.81","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.80\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapter 292<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":234699,"object_type":"law","relational_id":73483,"identifier":"50-73.80","token":"50\/2.2\/1\/50-73.80","url":"\/50-73.80\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.80\/","token":"50\/2.2\/1\/50-73.80","dublin_core":{"Title":"Knowledge and notice","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.80","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A person<\/span> knows a fact<\/span> if the person<\/span> has actual knowledge of it. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A person<\/span> has notice of a fact<\/span> if the person<\/span>: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Knows of it; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Has received a notification of it; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Has reason to know it exists from all of the facts<\/span> known to the person<\/span> at the time in question. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A person<\/span> notifies or gives a notification to another by taking steps reasonably calculated to inform the other person<\/span> in ordinary course, whether or not the other person<\/span> learns of it. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> A person<\/span> receives a notification when the notification: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Comes to the person<\/span>’s attention; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Is duly delivered at the person<\/span>’s place of business<\/span> or at any other place held out by the person<\/span> as a place for receiving communications. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> Except as otherwise provided in subsection F, a person<\/span> other than an individual knows, has notice, or receives a notification of a fact<\/span> for purposes of a particular transaction when the individual conducting the transaction knows, has notice, or receives a notification of the fact<\/span>, or in any event when the fact<\/span> would have been brought to the individual’s attention if the person<\/span> had exercised reasonable diligence. The person<\/span> exercises reasonable diligence if it 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<\/span> 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. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> A partner’s knowledge, notice, or receipt of a notification of a fact<\/span> relating to the partnership<\/span> is effective immediately as knowledge by, notice to, or receipt of a notification by the partnership<\/span>, except in the case of a fraud<\/span> on the partnership<\/span> committed by or with the consent of that partner. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nKNOWLEDGE AND NOTICE (\u00a7 50-73.80)\n\nA. A person knows a fact if the person has actual knowledge of it.\n\nB. A person has notice of a fact if the person:\n\n 1. Knows of it;\n\n 2. Has received a notification of it; or\n\n 3. Has reason to know it exists from all of the facts known to the person at\n the time in question.\n\nC. A person notifies or gives a notification to another by taking steps\nreasonably calculated to inform the other person in ordinary course, whether or\nnot the other person learns of it.\n\nD. A person receives a notification when the notification:\n\n 1. Comes to the person’s attention; or\n\n 2. Is duly delivered at the person’s place of business or at any other\n place held out by the person as a place for receiving communications.\n\nE. Except as otherwise provided in subsection F, a person other than an\nindividual knows, has notice, or receives a notification of a fact for purposes\nof a particular transaction when the individual conducting the transaction\nknows, has notice, or receives a notification of the fact, or in any event when\nthe fact would have been brought to the individual’s attention if the\nperson had exercised reasonable diligence. The person exercises reasonable\ndiligence if it maintains reasonable routines for communicating significant\ninformation to the individual conducting the transaction and there is reasonable\ncompliance with the routines. Reasonable diligence does not require an\nindividual acting for the person to communicate information unless the\ncommunication is part of the individual’s regular duties or the individual\nhas reason to know of the transaction and that the transaction would be\nmaterially affected by the information.\n\nF. A partner’s knowledge, notice, or receipt of a notification of a fact\nrelating to the partnership is effective immediately as knowledge by, notice to,\nor receipt of a notification by the partnership, except in the case of a fraud\non the partnership committed by or with the consent of that partner.\n\nHISTORY: 1996, c. 292.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}