N.D. Cent. Code § 10-32.1-04
This is the official text of N.D. Cent. Code § 10-32.1-04, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
10-32.1-04. Knowledge and notice
Official statutory text
10-32.1-04. Knowledge and notice
1. A person knows a fact when the person:
a. Has actual knowledge of it; or
b. Is deemed to know it under subdivision a of subsection 4, or law other than this
chapter.
2. A person has notice of a fact when the person:
a. Has reason to know the fact from all of the facts known to the person at the time
in question; or
b. Is deemed to have notice of the fact under subdivision b of subsection 4.
3. A person notifies another of a fact by taking steps reasonably required to inform the
other person in ordinary course, whether or not the other person knows the fact.
4. A person that is not a member is deemed:
a. To know of a limitation on authority to transfer real property as provided in
subsection 7 of section 10-32.1-24; and
b. To have notice of:
(1) The dissolution of a limited liability company, ninety days after a notice of
dissolution under paragraph 1 of subdivision b of subsection 2 of section
10-32.1-51, becomes effective;
(2) The termination of a limited liability company, ninety days after the articles of
dissolution and termination under paragraph 6 of subdivision b of subsection
2 of section 10-32.1-51, becomes effective; and
(3) The merger, conversion, or domestication of a limited liability company,
ninety days after the articles of merger, conversion, or domestication under
sections 10-32.1-67 through 10-32.1-71 becomes effective.
1. A person knows a fact when the person:
a. Has actual knowledge of it; or
b. Is deemed to know it under subdivision a of subsection 4, or law other than this
chapter.
2. A person has notice of a fact when the person:
a. Has reason to know the fact from all of the facts known to the person at the time
in question; or
b. Is deemed to have notice of the fact under subdivision b of subsection 4.
3. A person notifies another of a fact by taking steps reasonably required to inform the
other person in ordinary course, whether or not the other person knows the fact.
4. A person that is not a member is deemed:
a. To know of a limitation on authority to transfer real property as provided in
subsection 7 of section 10-32.1-24; and
b. To have notice of:
(1) The dissolution of a limited liability company, ninety days after a notice of
dissolution under paragraph 1 of subdivision b of subsection 2 of section
10-32.1-51, becomes effective;
(2) The termination of a limited liability company, ninety days after the articles of
dissolution and termination under paragraph 6 of subdivision b of subsection
2 of section 10-32.1-51, becomes effective; and
(3) The merger, conversion, or domestication of a limited liability company,
ninety days after the articles of merger, conversion, or domestication under
sections 10-32.1-67 through 10-32.1-71 becomes effective.
Status: in_force · Read it on the official government site
Need a lawyer in North Dakota?
Find a North Dakota lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.