# N.D. Cent. Code § 10-32.1-04: 10-32.1-04. Knowledge and notice

> North Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ND_T10_C10-32.1_S10-32.1-04

## Section

- **Citation:** N.D. Cent. Code § 10-32.1-04
- **Heading:** 10-32.1-04. Knowledge and notice
- **Jurisdiction:** North Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ND Code / Title 10 / Chapter 10-32.1 / Section 10-32.1-04

## Text

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.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ND_T10_C10-32.1_S10-32.1-04. Check the current official text before relying on it. Not legal advice.
