District of Columbia Code
Chapter 15 - Uses and Trusts
§ 42–1503. Effect of purchase for value without notice of trust; where express trust not declared in conveyance

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.
(Mar. 3, 1901, 31 Stat. 1432, ch. 854, § 1618.)
1981 Ed., § 45-1103.
1973 Ed., § 45-1203.

<< Previous

Structure District of Columbia Code

District of Columbia Code

Title 42 - Real Property

Chapter 15 - Uses and Trusts

§ 42–1501. Legal estate in cestui que use; exception

§ 42–1502. Where several are jointly seized of lands to use of any so seized, latter deemed to have possession and seizin alone

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