2001 Minnesota Code
Chapters 322 - 323A Partnerships
Chapter 323 Uniform Partnership Act
Section 323.03 Interpretations.
323.03 Interpretations.
Subdivision 1. Terms. Unless the language or context clearly indicates that a different interpretation is intended, the following terms, for the purposes of this chapter, shall be given the interpretations subjoined to them.
Subd. 2. Knowledge of a fact. A person has "knowledge" of a fact not only with actual knowledge thereof, but also with knowledge of such other facts as in the circumstances show bad faith.
Subd. 3. Notice of a fact. A person has "notice" of a fact when the person who claims the benefit of the notice
(1) States the fact to such person, or
(2) 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 the person's place of business or residence.
HIST: (7386) 1921 c 487 s 3; 1986 c 444
* NOTE: This section is repealed by Laws 1997, chapter 174, *article 12, section 68, as amended by Laws 1998, chapter 262, *section 12, effective January 1, 2002.
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