323.03 Interpretations.
Subdivision 1. Terms. Unless the language or context clearly indicates that a different interpretation is intended, the following terms, for the purposes of this chapter, shall be given the interpretations subjoined to them.
Subd. 2. Knowledge of a fact. A person has "knowledge" of a fact not only with actual knowledge thereof, but also with knowledge of such other facts as in the circumstances show bad faith.
Subd. 3. Notice of a fact. A person has "notice" of a fact when the person who claims the benefit of the notice
(1) States the fact to such person, or
(2) 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.
HIST: (7386) 1921 c 487 s 3; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes