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. • About half the states have notice statutes. — Also termed notice act. Cf. RACE STATUTE; RACE-NOTICE STATUTE. [Cases: Vendor and Purchaser 231. C.J.S. Vendor and Purchaser § 496.]

[Blacks Law 8th]