(1) A person knows a fact if the person has actual knowledge of it.\n(2) A person has notice of a fact if the person:\n(a) Knows of it;\n(b) Has received a notification of it; or\n(c) Has reason to know it exists from all the facts known to the person at the time in question.\n(3) A person notifies or gives notification to another by taking steps reasonably required to inform the other person in the ordinary course, whether or not the other person learns of it.\n(4) A person receives a notification when the notification:\n(a) Comes to the person’s attention; or\n(b) Is addressed to the person and 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.\n(5) Except as provided in subsection (6) 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 the person had exercised reasonable diligence.\n(6) A partner’s knowledge, receives a notification of the fact, or in any event when the fact would have been brought to the individual’s attention if the person had exercised reasonable diligence.\n(6) 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. [Formerly 67.010]
Oregon Legal Code