pure race statute

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.