Vermont § 202 - § 1—202.

§ 202. § 1—202.

• Notice; knowledge (a) Subject to subsection (f) of this section, a person has “notice” 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 that it exists. (b) “Knowledge” means actual knowledge. “Knows” has a corresponding meaning. (c) “Discover,” “learn,” or words of similar import refer to knowledge rather than to
  reason to know. (d) 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. (e) Subject to subsection (f) of this section, a person “receives” a notice or notification
  when: (1) it comes to that person’s attention; or (2) 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. (f) 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 individual
  conducting that transaction and, in any event, from the time it would have been brought
  to the individual’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 an individual acting
  for the organization 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. (Amended 2007, No. 99 (Adj. Sess.), § 2.)