MLchartDataset catalogue

Notice statute

Term · Law · MLC-T-LAW-003482

A type of recording act under which a later purchaser for value who takes without notice of an earlier unrecorded conveyance has priority over the earlier grantee. The later purchaser need not record first, which distinguishes a notice statute from a race-notice statute. Notice can be actual, constructive from the public records, or inquiry notice arising from facts such as another person's possession of the land.

Table 1. Record
IdentifierMLC-T-LAW-003482
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003482",
  "term": "Notice statute",
  "field": "Law",
  "definition": "A type of recording act under which a later purchaser for value who takes without notice of an earlier unrecorded conveyance has priority over the earlier grantee. The later purchaser need not record first, which distinguishes a notice statute from a race-notice statute. Notice can be actual, constructive from the public records, or inquiry notice arising from facts such as another person's possession of the land.",
  "url": "https://mlchart.com/terminology/law/notice-statute/"
}

Record 3,469 of 5,441 in Law terminology (MLC-0107). Request the full dataset.