1. A person has notice of a fact if such person has actual knowledge of it, has received a notice or notification of it or, if from all the facts and circumstances known to that person at the time in question, such person has reason to know that it exists. A person "knows" or "has knowledge" of a fact if such person has actual knowledge of it.
2. A person "notifies" or "gives" a notice or notification to another by taking steps reasonably calculated to inform the other in ordinary course whether or not the other actually comes to know of it. A person "receives" a notice or notification when it comes to that person's attention or in the case of the landlord, it is delivered at the place of business of the landlord through which the rental agreement was made or at a place held out by the landlord as the place for receipt of the communication or, when in the case of the tenant, it is delivered in hand to the tenant or mailed by registered or certified mail to such person at the place held out by such person as the place for receipt of the communication, or in the absence of such designation, to such person's last known place of residence.
3. "Notice," knowledge or a notice or notification received by an organization is effective for a particular transaction from the time it is brought to the attention of the individual conducting that transaction, and in any event from the time it would have been brought to the attention of such person if the organization had exercised reasonable diligence.
[C79, 81, § 562A.8]
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Search: Iowa Code 1995
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