N.C. Gen. Stat. § 59-33

Interpretation of knowledge and notice

Known as the North Carolina Uniform Partnership Act

The act spans §§ 59–59 (46 sections).

Applied in 2 court decisions — leading case Briargate Condominium Ass'n v. Carpenter (1992)

Most recently applied in Briargate Condominium Ass'n v. Carpenter (September 1992)

1941, c. 374, s. 3; 2000-140, s. 101(n).

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

(b) A person has "notice" of a fact within the meaning of this Act when the person who claims the benefit of the notice:

(1) States the fact to such person, or

(2) Delivers through the mail, or by other means of communication a written statement of the fact to such person or to a proper person at his place of business or residence.

Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.