ORS 67.040
Knowledge and notice
(1)
A person knows a fact if the person has actual knowledge of it.(2)
A person has notice of a fact if the person:(a)
Knows of it;(b)
Has received a notification of it; or(c)
Has reason to know it exists from all the facts known to the person at the time in question.(3)
A person notifies or gives notification to another by taking steps reasonably required to inform the other person in the ordinary course, whether or not the other person learns of it.(4)
A person receives a notification when the notification:(a)
Comes to the person’s attention; or(b)
Is addressed to the person and 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.(5)
Except as provided in subsection (6) 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.(6)
A partner’s knowledge, notice or receipt of a notification of a fact relating to the partnership is effective immediately as knowledge by, 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. [Formerly 67.010]
Source:
Section 67.040 — Knowledge and notice, https://www.oregonlegislature.gov/bills_laws/ors/ors067.html
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