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