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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>73483</law_id><section_number>50-73.80</section_number><catch_line>Knowledge and notice</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="50">Partnerships</unit><unit label="chapter" level="2" order_by="1" identifier="2.2">Virginia Uniform Partnership Act</unit><unit label="article" level="3" order_by="1" identifier="1">General Provisions</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A <span class="dictionary">person</span> knows a <span class="dictionary">fact</span> if the <span class="dictionary">person</span> has actual knowledge of it. <a id="paragraph-264399" class="section-permalink" href="https://vacode.org/50-73.80/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> A <span class="dictionary">person</span> has notice of a <span class="dictionary">fact</span> if the <span class="dictionary">person</span>: <a id="paragraph-264400" class="section-permalink" href="https://vacode.org/50-73.80/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> Knows of it; <a id="paragraph-264401" class="section-permalink" href="https://vacode.org/50-73.80/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> Has received a notification of it; or <a id="paragraph-264402" class="section-permalink" href="https://vacode.org/50-73.80/#B2"><i class="fa fa-link"/></a></p></section>
						<section id="B3" class="indent-1"><p><span class="prefix-number">3.</span> Has reason to know it exists from all of the <span class="dictionary">facts</span> known to the <span class="dictionary">person</span> at the time in question. <a id="paragraph-264403" class="section-permalink" href="https://vacode.org/50-73.80/#B3"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> A <span class="dictionary">person</span> notifies or gives a notification to another by taking steps reasonably calculated to inform the other <span class="dictionary">person</span> in ordinary course, whether or not the other <span class="dictionary">person</span> learns of it. <a id="paragraph-264404" class="section-permalink" href="https://vacode.org/50-73.80/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> A <span class="dictionary">person</span> receives a notification when the notification: <a id="paragraph-264405" class="section-permalink" href="https://vacode.org/50-73.80/#D"><i class="fa fa-link"/></a></p></section>
						<section id="D1" class="indent-1"><p><span class="prefix-number">1.</span> Comes to the <span class="dictionary">person</span>&#x2019;s attention; or <a id="paragraph-264406" class="section-permalink" href="https://vacode.org/50-73.80/#D1"><i class="fa fa-link"/></a></p></section>
						<section id="D2" class="indent-1"><p><span class="prefix-number">2.</span> Is duly delivered at the <span class="dictionary">person</span>&#x2019;s place of <span class="dictionary">business</span> or at any other place held out by the <span class="dictionary">person</span> as a place for receiving communications. <a id="paragraph-264407" class="section-permalink" href="https://vacode.org/50-73.80/#D2"><i class="fa fa-link"/></a></p></section>
						<section id="E"><p><span class="prefix-number">E.</span> Except as otherwise provided in subsection F, a <span class="dictionary">person</span> other than an individual knows, has notice, or receives a notification of a <span class="dictionary">fact</span> for purposes of a particular transaction when the individual conducting the transaction knows, has notice, or receives a notification of the <span class="dictionary">fact</span>, or in any event when the <span class="dictionary">fact</span> would have been brought to the individual&#x2019;s attention if the <span class="dictionary">person</span> had exercised reasonable diligence. The <span class="dictionary">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 <span class="dictionary">person</span> to communicate information unless the communication is part of the individual&#x2019;s regular duties or the individual has reason to know of the transaction and that the transaction would be materially affected by the information. <a id="paragraph-264408" class="section-permalink" href="https://vacode.org/50-73.80/#E"><i class="fa fa-link"/></a></p></section>
						<section id="F"><p><span class="prefix-number">F.</span> A partner&#x2019;s knowledge, notice, or receipt of a notification of a <span class="dictionary">fact</span> relating to the <span class="dictionary">partnership</span> is effective immediately as knowledge by, notice to, or receipt of a notification by the <span class="dictionary">partnership</span>, except in the case of a <span class="dictionary">fraud</span> on the <span class="dictionary">partnership</span> committed by or with the consent of that partner. <a id="paragraph-264409" class="section-permalink" href="https://vacode.org/50-73.80/#F"><i class="fa fa-link"/></a></p></section></text><history>1996, c. 292.</history><metadata></metadata></law>
