| 7.__Person other than individual; reasonable diligence.__ |
| Except as otherwise provided in subsection 8, 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 for the person 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. A person other than an |
| individual exercises reasonable diligence if it maintains |
| reasonable routines for communicating significant information to |
| the individual conducting the transaction for the person and |
| there is reasonable compliance with the routines. Reasonable |
| diligence does not require an individual acting for the person to |
| communicate information unless the communication is part of the |
| individual's regular duties or the individual has reason to know |