Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

notice act

Read a random definition: hebote

A quick definition of notice act:

A notice act is a law that says the person who bought something without knowing about any previous claims has the right to it. This means that if someone buys something and later finds out that someone else had a claim on it before, they still get to keep it if they didn't know about the other claim. About half of the states in the US have notice acts. It's different from a race statute or race-notice statute, which give priority to the person who records their claim first.

A more thorough explanation:

A notice act is a type of recording act that gives priority to the person who has the most recent valid claim and purchased without knowledge of an earlier, unrecorded claim. This means that if two people claim ownership of the same property, the person who bought the property without knowing about the other claim will have priority.

For example, let's say that John sells his house to Jane, but he forgets to record the sale with the county. Later, John sells the same house to Bob, who records the sale with the county. In a notice state, Bob would have priority over Jane because he purchased the property without knowledge of Jane's claim.

About half of the states in the US have notice statutes, which are designed to protect innocent buyers from losing their property to someone who had an earlier, unrecorded claim.

nothus | notice-and-comment period

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.