N.D. Cent. Code § 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.