New Jersey Statutes 42:2C-3. Knowledge; notice
Terms Used In New Jersey Statutes 42:2C-3
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
a. A person knows a fact when the person:
(1) has actual knowledge of it; or
(2) is deemed to know it under paragraph (1) of subsection d. of this section or law other than this act.
b. A person has notice of a fact when the person:
(1) has reason to know the fact from all of the facts known to the person at the time in question; or
(2) is deemed to have notice of the fact under paragraph (2) of subsection d. of this section.
c. 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.
d. A person that is not a member is deemed:
(1) to know of a limitation on authority to transfer real property as provided in subsection g. of section 28 of this act; and
(2) to have notice of a limited liability company’s:
(a) dissolution, 90 days after a certificate of dissolution, pursuant to subparagraph (a) of paragraph (2) of subsection b. of section 49 of this act becomes effective;
(b) termination, 90 days after a statement of termination, pursuant to subparagraph (f) of paragraph (2) of subsection b. of section 49 of this act becomes effective; and
(c) merger, conversion, or domestication, 90 days after articles of merger, conversion, or domestication under Article 10 (sections 73 through 87 of this act) become effective.
L.2012, c.50, s.3.