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. — Also termed notice act. Cf. RACE STATUTE; RACE-NOTICE STATUTE. [Cases: Vendor and Purchaser 231. C.J.S. Vendor and Purchaser § 496.]
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资深译员Laura,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,专注翻译各种与美国公司法规有关的法律文件。
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