Statute · New York Partnership Law
N.Y. P'ship Law § 3 — Interpretation of knowledge and notice
N.Y. P'ship Law § 3
- Type
- Statute
- Source
- New York Partnership Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 3. Interpretation of knowledge and notice. 1. A person has "knowledge" of a fact within the meaning of this chapter not only when he has actual knowledge thereof, but also when he has knowledge of such other facts as in the circumstances shows bad faith.
Citator
N.Y. P'ship Law § 3 — Interpretation of knowledge and notice is in force in the current edition of the Code, and nothing recorded condemns it.
§ 3. Interpretation of knowledge and notice. 1. A person has "knowledge" of a fact within the meaning of this chapter not only when he has actual knowledge thereof, but also when he has knowledge of such other facts as in the circumstances shows bad faith.
2. A person has "notice" of a fact within the meaning of this chapter when the person who claims the benefit of the notice:
(a) States the fact to such person, or
(b) Delivers through the mail, or by other means of communication, a written statement of the fact to such person or to a proper person at his place of business or residence.