Okla. Stat. tit. 12A, § 12A-1-202
This is the official text of Okla. Stat. tit. 12A, § 12A-1-202, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Notice - Knowledge
Official statutory text
Notice; Knowledge.
(a) Subject to subsection (f) of this section, a person has
"notice" of a fact if the person:
(1) has actual knowledge of it;
(2) has received a notice or notification of it; or
(3) from all the facts and circumstances known to the
person at the time in question, has reason to know
that it exists.
(b) “Knowledge" means actual knowledge. “Knows” has a
corresponding meaning.
(c) “Discover" or "learn" or a word or phrase of similar import
refers to knowledge rather than to reason to know.
(d) A person "notifies" or "gives" a notice or notification to
another person by taking such steps as may be reasonably required to
inform the other person in ordinary course whether or not the other
person actually comes to know of it.
(e) Subject to subsection (f) of this section, a person
"receives" a notice or notification when:
(1) it comes to the attention of the person; or
(2) it is duly delivered in a form reasonable under the
circumstances at the place of business through which
the contract was made or at another location held out
by that person as the place for receipt of such
communications.
(f) Notice, knowledge, or a notice or notification received by
an organization is effective for a particular transaction from the
time when 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 the individual if the
organization had exercised due diligence. An organization exercises
due diligence if it maintains reasonable routines for communicating
significant information to the person conducting the transaction and
there is reasonable compliance with the routines. Due diligence
does not require an individual acting for the organization to
communicate information unless such communication is part of the
regular duties of the individual or unless the individual has reason
to know of the transaction and that the transaction would be
materially affected by the information.
(a) Subject to subsection (f) of this section, a person has
"notice" of a fact if the person:
(1) has actual knowledge of it;
(2) has received a notice or notification of it; or
(3) from all the facts and circumstances known to the
person at the time in question, has reason to know
that it exists.
(b) “Knowledge" means actual knowledge. “Knows” has a
corresponding meaning.
(c) “Discover" or "learn" or a word or phrase of similar import
refers to knowledge rather than to reason to know.
(d) A person "notifies" or "gives" a notice or notification to
another person by taking such steps as may be reasonably required to
inform the other person in ordinary course whether or not the other
person actually comes to know of it.
(e) Subject to subsection (f) of this section, a person
"receives" a notice or notification when:
(1) it comes to the attention of the person; or
(2) it is duly delivered in a form reasonable under the
circumstances at the place of business through which
the contract was made or at another location held out
by that person as the place for receipt of such
communications.
(f) Notice, knowledge, or a notice or notification received by
an organization is effective for a particular transaction from the
time when 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 the individual if the
organization had exercised due diligence. An organization exercises
due diligence if it maintains reasonable routines for communicating
significant information to the person conducting the transaction and
there is reasonable compliance with the routines. Due diligence
does not require an individual acting for the organization to
communicate information unless such communication is part of the
regular duties of the individual or unless the individual has reason
to know of the transaction and that the transaction would be
materially affected by the information.
Status: in_force · Read it on the official government site
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