Priority Notice - Law Dictionary Search Results

assignor would have been entitled to claim such debt, etc., is effectual in law (subject to equities having priority over the right of the assignee) to pass and transfer from the date of such notice (a) the

race-notice

Matched in: Term race-notice

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Puisne mortgage

created after 1925, must be registered at the Land Charges Registry, Red Lion Square, or they will lose priority; see, further, MORTGAGE CHARGE. Mortgages created before 1926 may be registered before transfer. This amounts to notice, but

Further advance, or charge

the right to tack a further advance by a prior mortgage so that the advance may rank in priority to subsequent mortgages, even if the further advance was made with notice of a subsequent mortgage or charge

Searches

purchase if the purchase is completed within two days [(English) L.P. (Amendment) Act, 1926, s. 4; see also PRIORITY NOTICE]. At the Land Registry the application for search must be made in the separate and respective names of

pure race

a recording act in which the first party to properly record documentation of an interest in property has priority regardless of notice of other claims [a pure race statute] compare notice, race-notice

Race-notice statute

Matched in: Term Race-notice statute

Better Equity

court of equity the court holds that one of them, either on the ground of notice or of priority in time or for some other sufficient reason, is entitled to priority over the other, such claimant is

perfect

court by satisfying procedural requirements b : to put (one's security interest) in a position or status having priority over subsequently perfected security interests or unperfected security interests by taking statutorily prescribed steps to give notice esp.

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