§ 8303. "Knowledge" and "notice."
(a) Knowledge.--A person has "knowledge" of a fact, within the meaning of this chapter, 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) Notice.--A person has "notice" of a fact, within the meaning of this chapter, when the person who claims the benefit of the notice:
(1) states the fact to the other person; or
(2) delivers through the mail, or by other means of communication, a written statement of the fact to the other person or to a proper person at his place of business or residence.
Cross References. Section 8303 is referred to in sections 8702, 8705 of this title.
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