New Jersey § 42:1a-3

§ 42:1a-3.

a. A person knows a fact if the person has actual knowledge of it. b. A person has notice of a fact if the person: (1) knows of it; (2) has received a notification of it; or (3) has reason to know it exists from all of the facts known to the person at the

time in question. c. A person notifies or gives a notification to another by taking steps reasonably

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

learns of it. d. A person receives a notification when the notification: (1) comes to the person's attention; or (2) 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. e. Except as otherwise provided in subsection f. 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 that person had exercised

reasonable diligence. The person exercises reasonable diligence if it maintains reasonable routines for

communicating significant information to the individual conducting the transaction

and there is reasonable compliance with the routines. Reasonable diligence does not require an individual acting for the person to communicate

information unless the communication is part of the individual's regular duties or

the individual has reason to know of the transaction and that the transaction would

be materially affected by the information. f. 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.