1. A person has "knowledge" of a fact within the meaning of this chapter not only when the person has actual knowledge thereof, but also when the person 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 the 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 the person's place of business or residence.
[C73, 75, 77, 79, 81, § 544.3]
C93, § 486.3
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Last update: Thu Mar 18 15:00:31 CST 1999
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