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pure race statute |
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pure race statute Refers to recordation statutes that provide that the first lender, lienholder, or purchaser to record their instrument take precedence over all others, even if when they were recording they had knowledge of prior claims that were simply unrecorded. It is a race to the courthouse to record. Contrast pure notice statute and notice-race statute. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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