# Minn. Stat. § 501C.0104: KNOWLEDGE

> Minnesota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0104

## Section

- **Citation:** Minn. Stat. § 501C.0104
- **Heading:** KNOWLEDGE
- **Jurisdiction:** Minnesota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MN Code / Part 500_515B / Chapter 501C / Section 501C.0104

## Text

(a) Subject to paragraph (b), a person has knowledge of a fact if the person:

(1) has actual knowledge of it;

(2) has received a notice or notification of it; or

(3) from all the facts and circumstances known to the person at the time in question, has reason to know it.

(b) An organization that conducts activities through employees has notice or knowledge of a fact involving a trust only from the time the information was received by an employee having responsibility to act for the trust, or would have been brought to the employee's attention if the organization had exercised reasonable diligence. An organization exercises reasonable diligence if it maintains reasonable policies and procedures for communicating significant information to the employee having responsibility to act for the trust and there is reasonable compliance with the policies and procedures. Reasonable diligence does not require an employee of the organization to communicate information unless the communication is part of the individual's regular duties or the individual knows a matter involving the trust would be materially affected by the information.

(c) With respect to a conveyance of real property, an organization or other person shall be deemed to have knowledge of facts disclosed by a title examination in accordance with applicable customs and standards.

## Nearby sections

- [Minn. Stat. § 501C.0101 § 501C.0101 SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0101.md)
- [Minn. Stat. § 501C.0102 § 501C.0102 SCOPE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0102.md)
- [Minn. Stat. § 501C.0103 § 501C.0103 DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0103.md)
- [Minn. Stat. § 501C.0104 § 501C.0104 KNOWLEDGE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0104.md)
- [Minn. Stat. § 501C.0105 § 501C.0105 DEFAULT AND MANDATORY RULES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0105.md)
- [Minn. Stat. § 501C.0106 § 501C.0106 COMMON LAW OF TRUSTS; PRINCIPLES OF EQUITY.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0106.md)
- [Minn. Stat. § 501C.0107 § 501C.0107 GOVERNING LAW.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0107.md)
- [Minn. Stat. § 501C.0108 § 501C.0108 PRINCIPAL PLACE OF ADMINISTRATION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0108.md)
- [Minn. Stat. § 501C.0109 § 501C.0109 METHODS AND WAIVER OF NONJUDICIAL NOTICE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0109.md)
- [Minn. Stat. § 501C.0110 § 501C.0110 OTHERS TREATED AS QUALIFIED BENEFICIARIES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0110.md)
- [Minn. Stat. § 501C.0111 § 501C.0111 NONJUDICIAL SETTLEMENT AGREEMENTS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0111.md)
- [Minn. Stat. § 501C.0112 § 501C.0112 RULES OF CONSTRUCTION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0112.md)
- [Minn. Stat. § 501C.0201 § 501C.0201 ROLE OF COURT IN ADMINISTRATION OF TRUST AND NATURE OF JUDICIAL PROCEEDING.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0201.md)
- [Minn. Stat. § 501C.0202 § 501C.0202 SUBJECT MATTER OF JUDICIAL PROCEEDINGS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0202.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MN_P500_515B_C501C_S501C.0104. Check the current official text before relying on it. Not legal advice.