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Bona fide purchaser without notice
Created by 121.1.18.242 on 29 December 2009, at 04:25



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In full: a 'bona fide purchaser of a legal interest for value without notice, actual, constructive or imputed', also known as 'equity's darling'. A person who pays money or other valuable consideration for property that has any attached equitable interests (see: Equitable interestland and property), takes the property free of those interests if he can show that he had no notice (see: Doctrine of notice) of them. In such a case, the equitable interests are extinguished, and the owners of those interests will be left to pursue an action against whoever granted them (often their trustees). However, some equitable interests in land may be entered on the Land Charges Register. If they are, then they will bind a purchaser with or without notice.
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