§ 7-60-103 — Knowledge and notice

(1) A person has knowledge of a fact
within the meaning of this article not only when the person has actual knowledge
thereof but also when the person has knowledge of such other facts as in the
circumstances show bad faith.

(2) A person has notice of a fact within the meaning of this article when the
person who claims the benefit of the notice:

(a) States the fact to such person; or

(b) Delivers through the mail or by other means of communication a written
statement of the facts to such person or to a proper person at such person or
recipient's place of business or residence.

Legislative History

Source: L. 31: p. 646, � 3. CSA: C. 123, � 3. CRS 53: � 104-1-3. C.R.S. 1963: � 104-1-3. L. 2004: (1) and (2)(b) amended, p. 1421, � 68, effective July 1.