race–notice

race–notice
race–no·tice /'rās-ˌnō-təs/ adj [race from the notion of two parties rushing to the courthouse in order to be the first to record a claim or interest on the same property]: of, relating to, or being a recording act which stipulates that an unrecorded deed, mortgage, or lien shall not be valid against a recorded one unless the recording party (as a subsequent purchaser from the same seller) had notice of the interest or claim of the other party when recording compare notice 3, pure race
◇ If one party purchases a property and records the deed, a subsequent purchaser is normally held to know about it — to have “constructive notice” of it — as a matter of law since it is a matter of public record. Under a race-notice statute, however, a subsequent purchaser cannot have constructive notice of an unrecorded deed, and so the recorded deed has priority unless the purchaser actually knew about — had “actual notice” of — the unrecorded deed.

Merriam-Webster’s Dictionary of Law. . 1996.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • race notice act — n. A recording act that allows the first person to record a deed to take precedence over those who record deeds to the same property subsequently, unless the first person to record knows of other unrecorded claims to the land. The Essential Law… …   Law dictionary

  • race-notice acts — The first to record in the chain of title without notice of a prior unrecorded deed or mortgage has the better rights under a race notice type statute. See race notice recording statutes …   Black's law dictionary

  • race-notice recording statutes — State laws which provide that an unrecorded conveyance is invalid as against a subsequent purchaser for value who records without knowledge of the prior unrecorded instrument. The recording of the later instrument, however, must generally be in… …   Black's law dictionary

  • notice — no·tice 1 n 1 a: a notification or communication of a fact, claim, demand, or proceeding see also process, service ◇ The requirements of when, how, and what notice must be given to a person are often prescribed by a statute, rule, or contract. b …   Law dictionary

  • notice — Information; the result of observation, whether by the senses or the mind; knowledge of the existence of a fact or state of affairs; the means of knowledge. Intelligence by whatever means communicated. Koehn v. Central Nat. Ins. Co. of Omaha, Neb …   Black's law dictionary

  • notice — Information; the result of observation, whether by the senses or the mind; knowledge of the existence of a fact or state of affairs; the means of knowledge. Intelligence by whatever means communicated. Koehn v. Central Nat. Ins. Co. of Omaha, Neb …   Black's law dictionary

  • Race and ethnicity in the United States Census — Race and ethnicity in the United States Census, as defined by the Federal Office of Management and Budget (OMB) and the United States Census Bureau, are self identification data items in which residents choose the race or races with which they… …   Wikipedia

  • Race (Recensement Des États-Unis) — La race, telle qu elle est définie aujourd hui par le Bureau du recensement des États Unis et le Bureau de la gestion et du budget des États Unis, est une donnée correspondant à un concept d identification selon lequel les résidents choisissent… …   Wikipédia en Français

  • Race (Recensement Des États-unis) — La race, telle qu elle est définie aujourd hui par le Bureau du recensement des États Unis et le Bureau de la gestion et du budget des États Unis, est une donnée correspondant à un concept d identification selon lequel les résidents choisissent… …   Wikipédia en Français

  • Race (recensement des Etats-Unis) — Race (recensement des États Unis) La race, telle qu elle est définie aujourd hui par le Bureau du recensement des États Unis et le Bureau de la gestion et du budget des États Unis, est une donnée correspondant à un concept d identification selon… …   Wikipédia en Français

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”