Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
notice statute
A recording act providing that the person with the most recent valid claim, and who purchased without notice of an earlier, unrecorded claim, has priority. 0 About half the states have notice statutes. - Also termed notice acct. Cf. RACE STATUTE; RACE-NOTICE STATUTE.
race-notice statute
A recording law providing that the person who records first, without notice of prior unrecorded claims, has priority. ( About half the states have race-notice statutes. - Also termed race-notice act; notice-race statute. Cf. RACE STATUTE; NOTICE STATUTE.
stop-notice statute
A law providing an alternative to a mechanic's lien by allowing a contractor, supplier, or worker to make a clahi; against the construction lender and, in some instances, the owner for a portion of the undisbursed construction-loan proceeds. See mechalaic's lien under LIEN.