§ 42-1503. Effect of purchase for value without notice of trust; where express trust not declared in conveyance.

Current through October 23, 2012

No implied or resulting trust shall be alleged or established to defeat or prejudice the title of a purchaser for a valuable consideration and without notice of such trust; and where an express trust is created, but is not contained or declared in the conveyance to the trustee, such conveyance shall be deemed absolute in favor of purchasers from the trustee for value and without notice of the trust.

                
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(Mar. 3, 1901, 31 Stat. 1432, ch. 854, § 1618.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 45-1103.

1973 Ed., § 45-1203.