Texas Business & Commerce Code

§ 1.202 — NOTICE; KNOWLEDGE

BC § 1.202Title 1. UNIFORM COMMERCIAL CODE · Ch. 1. GENERAL PROVISIONS · Art. B. GENERAL DEFINITIONS AND PRINCIPLES OF INTERPRETATION

(a)Subject to Subsection (f), a person has "notice" of a fact if the person:

(1)has actual knowledge of it;

(2)has received a notice or notification of it; or

(3)from all the facts and circumstances known to the person at the time in question, has reason to know that it exists.

(b)"Knowledge" means actual knowledge. "Knows" has a corresponding meaning.

(c)"Discover," "learn," or words of similar import refer to knowledge rather than to reason to know.

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Legislative history

Amended by Acts 2003, 78th Leg., ch. 542, Sec. 1, eff. Sept. 1, 2003.