North Dakota Code 10-32.1-04 – Knowledge and notice
1. A person knows a fact when the person:
Terms Used In North Dakota Code 10-32.1-04
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
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.