KRS 362.160: Interpretation of knowledge and notice.

(1) A person has "knowledge" of a fact within the meaning of KRS 362.150 to 362.360

not only when he has actual knowledge thereof, but also when he has knowledge of

such other facts as in the circumstances shows bad faith.

(2) A person has "notice" of a fact within the meaning of KRS 362.150 to 362.360

when the person who claims the benefit of the notice:

(a) States the fact to such person; or

(b) 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 his place of

business or residence.