NOTICE STATUTE

glossary / NOTICE STATUTE

NOTICE STATUTE

notice statute. A recording act providing that the person with the most recent valid claim, and who purchased without notice of an earlier, unrecorded claim, has priority. ? About half the states have notice statutes. ¡ª Also termed notice act. Cf. RACE STATUTE; RACE-NOTICE STATUTE. [Cases: Vendor and Purchaser 231. C.J.S. Vendor and Purchaser ¡ì 496.]
What is the legal equivalence of NOTICE STATUTE in Chinese?
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