40 U.S.C. § 544 — Validity of transfer instruments

submitted 24 years ago by Pub. L. 107-217 to r/title-40-PUBLIC-BUILDINGS-PROPERTY-AND-WORKS · 63 words · no verdicts yet

in plain englishAI-generated · not legal advice

A qualifying instrument from an executive agency transferring surplus property conclusively proves compliance with this chapter as to a good-faith purchaser or grantee who paid value without notice of noncompliance.

A deed, bill of sale, lease, or other instrument signed by or for an executive agency that appears to transfer title or another interest in surplus property under this chapter is conclusive evidence that this chapter’s title or interest requirements were met as to a bona fide grantee or transferee who gave value and did not know of noncompliance.

the actual law source: uscode.house.gov ↗public domain

A deed, bill of sale, lease, or other instrument executed by or on behalf of an executive agency purporting to transfer title or other interest in surplus property under this chapter is conclusive evidence of compliance with the provisions of this chapter concerning title or other interest of a bona fide grantee or transferee for value and without notice of lack of compliance.

Source credit: (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1087.)

history & why it existsrecord from the source credit

2002Enacted · Pub. L. 107-217 · 116 Stat. 1087

A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-217 on 2002-08-21.

all 0 arguments · sorted by: best

no arguments yet — make the first case