PARRIS N. GLENDENING, Governor                                 Ch. 654

(K) "PARTNERSHIP AT WILL" MEANS A PARTNERSHIP IN WHICH THE
PARTNERS HAVE NOT AGREED TO REMAIN PARTNERS UNTIL THE EXPIRATION OF A
DEFINITE TERM OR THE COMPLETION OF A PARTICULAR UNDERTAKING.

(L) "PARTNERSHIP INTEREST" OR "PARTNER'S INTEREST IN THE
PARTNERSHIP" MEANS ALL OF A PARTNER'S INTERESTS IN THE PARTNERSHIP,
INCLUDING THE PARTNER'S TRANSFERABLE INTEREST AND ALL MANAGEMENT
AND OTHER RIGHTS.

(M) "PROPERTY" MEANS ALL PROPERTY, REAL, PERSONAL, OR MIXED,
TANGIBLE OR INTANGIBLE, OR ANY INTEREST THEREIN.

(N) "STATE" MEANS A STATE OF THE UNITED STATES, THE DISTRICT OF
COLUMBIA, THE COMMONWEALTH OF PUERTO RICO, OR ANY TERRITORY OR
INSULAR POSSESSION SUBJECT TO THE JURISDICTION OF THE UNITED STATES.

(O) "STATEMENT" MEANS A STATEMENT OF PARTNERSHIP AUTHORITY
UNDER § 9-303 OF THIS TITLE, A STATEMENT OF DENIAL UNDER § 9-304 OF THIS
TITLE, A STATEMENT OF DISSOCIATION UNDER § 9-704 OF THIS TITLE, A STATEMENT
OF DISSOLUTION UNDER § 9-805 OF THIS TITLE, OR AN AMENDMENT OR
CANCELLATION OF ANY OF THE FOREGOING.

(P) "TRANSFER" INCLUDES AN ASSIGNMENT, CONVEYANCE, LEASE,
MORTGAGE, DEED, AND ENCUMBRANCE.

9-102. 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)      KNOWS OF IT;

(2)      HAS RECEIVED A NOTIFICATION OF IT; OR

(3)      HAS REASON TO KNOW IT EXISTS FROM ALL OF THE FACTS KNOWN
TO THE PERSON AT THE TIME IN QUESTION.

(C)     A PERSON NOTIFIES OR GIVES A NOTIFICATION TO ANOTHER BY TAKING
STEPS REASONABLY REQUIRED TO INFORM THE OTHER PERSON IN ORDINARY
COURSE, WHETHER OR NOT THE OTHER PERSON LEARNS OF IT.

(D)     A PERSON RECEIVES A NOTIFICATION WHEN THE NOTIFICATION:

(1)      COMES TO THE PERSON'S ATTENTION; OR

(2)      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.

(E)     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

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