Nevada § 104.1202 - Notice; knowledge

§ 104.1202. Notice; knowledge

1. Subject to subsection 6, a person has “notice” of a fact if the person: (a) Has actual knowledge of it; (b) Has received a notice or notification of it; or (c) From all the facts and circumstances known to the person at the time in question,

has reason to know that it exists. 2. “ Knowledge ” means actual knowledge. “Knows” has a corresponding meaning. 3. “ Discover ,” “ learn ” or words of similar import refer to knowledge rather than to reason to know. 4. A person “ notifies ” or “ gives ” a notice or notification to another person by taking such steps as may be reasonably

required to inform the other person in ordinary course, whether or not the other person

actually comes to know of it. 5. Subject to subsection 6, a person “ receives ” a notice or notification when: (a) It comes to that person's attention; or (b) It is duly delivered in a form reasonable under the circumstances at the place

of business through which the contract was made or at another location held out by

that person as the place for receipt of such communications. 6. Notice, knowledge, or a notice or notification received by an organization is effective

for a particular transaction from the time it is brought to the attention of the natural

person conducting that transaction and, in any event, from the time it would have

been brought to the natural person's attention if the organization had exercised due

diligence. An organization exercises due diligence if it maintains reasonable routines for

communicating significant information to the person conducting the transaction and

there is reasonable compliance with the routines. Due diligence does not require a natural person acting for the organization to communicate

information unless the communication is part of the natural person's regular duties

or the natural person has reason to know of the transaction and that the transaction

would be materially affected by the information.