Okla. Stat. tit. 54, § 54-1-102
This is the official text of Okla. Stat. tit. 54, § 54-1-102, part of Oklahoma’s Stat. tit. 54, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 54,." Browse the sections below, each linked to its official government source.
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Knowledge and Notice
Official statutory text
Knowledge and Notice. (a) A person knows a fact if the person
has actual knowledge of it.
(b) A person has notice of a fact if the person:
(1) knows of it;
(2) has received a notification of it; or
(3) has reason to know it exists from all of the facts known to
the person at the time in question.
(c) A person notifies or gives a notification to another by
taking steps reasonably required to inform the other person in
ordinary course, whether or not the other person learns of it.
(d) A person receives a notification when the notification:
(1) comes to the person's attention; or
Oklahoma Statutes - Title 54. Partnership Page 12
(2) is duly delivered at the person's place of business or at
any other place held out by the person as a place for receiving
communications.
(e) Except as otherwise provided in subsection (f) of this
section, a person other than an individual knows, has notice, or
receives a notification of a fact for purposes of a particular
transaction when the individual conducting the transaction knows,
has notice, or receives a notification of the fact, or in any event
when the fact would have been brought to the individual's attention
if the person had exercised reasonable diligence. The person
exercises reasonable diligence if it maintains reasonable routines
for communicating significant information to the individual
conducting the transaction and there is reasonable compliance with
the routines. Reasonable diligence does not require an individual
acting for the person to communicate information unless the
communication is part of the individual's regular duties or the
individual has reason to know of the transaction and that the
transaction would be materially affected by the information.
(f) A partner's knowledge, notice, or receipt of a notification
of a fact relating to the partnership is effective immediately as
knowledge of, notice to, or receipt of a notification by the
partnership, except in the case of a fraud on the partnership
committed by or with the consent of that partner.
has actual knowledge of it.
(b) A person has notice of a fact if the person:
(1) knows of it;
(2) has received a notification of it; or
(3) has reason to know it exists from all of the facts known to
the person at the time in question.
(c) A person notifies or gives a notification to another by
taking steps reasonably required to inform the other person in
ordinary course, whether or not the other person learns of it.
(d) A person receives a notification when the notification:
(1) comes to the person's attention; or
Oklahoma Statutes - Title 54. Partnership Page 12
(2) is duly delivered at the person's place of business or at
any other place held out by the person as a place for receiving
communications.
(e) Except as otherwise provided in subsection (f) of this
section, a person other than an individual knows, has notice, or
receives a notification of a fact for purposes of a particular
transaction when the individual conducting the transaction knows,
has notice, or receives a notification of the fact, or in any event
when the fact would have been brought to the individual's attention
if the person had exercised reasonable diligence. The person
exercises reasonable diligence if it maintains reasonable routines
for communicating significant information to the individual
conducting the transaction and there is reasonable compliance with
the routines. Reasonable diligence does not require an individual
acting for the person to communicate information unless the
communication is part of the individual's regular duties or the
individual has reason to know of the transaction and that the
transaction would be materially affected by the information.
(f) A partner's knowledge, notice, or receipt of a notification
of a fact relating to the partnership is effective immediately as
knowledge of, notice to, or receipt of a notification by the
partnership, except in the case of a fraud on the partnership
committed by or with the consent of that partner.
Status: in_force · Read it on the official government site
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