§ 48-1-2. Interpretation of knowledge and notice.

Latest version.

(1)	Within the meaning of this chapter, a person is deemed to have knowledge of a fact not only when he has actual knowledge thereof, but also when he has knowledge of such other facts that to act in disregard of them 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.

No Change Since 1953

                    
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