Notice Statute
/ˈnoʊtɪs ˈstætʃuːt/
Definitions
- (n.) A statute governing the transfer of property, which protects a bona fide purchaser who acquires an interest without notice of any prior conflicting claims or defects in title.
Under the notice statute, the purchaser who buys without knowledge of earlier claims holds superior title.
Forms
- notice statute
- notice statutes
Related terms
See also
Commentary
Notice statutes emphasize the purchaser's knowledge, making the timing of notice crucial in resolving competing claims.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.