race statute

race statute. A recording act providing that the person who records first, regardless of notice, has priority. • Only Louisiana and North Carolina have race statutes. — Also termed pure race statute; race act. Cf. NOTICE STATUTE ; RACE-NOTICE STATUTE. [Cases: Vendor and Purchaser 231(11).C.J.S. Vendor and Pur-chaser § 502.]

---

词条贡献者

译者Joanne，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与房地产业相关的法律文件。