Property Ownership
Mississippi's recording acts protect subsequent purchasers and encumbrancers. Under the 'race-notice' recording statute, a subsequent purchaser is protected only if they:
ARecord before all other claimants
BRecord first AND had no notice of the prior unrecorded interest at the time of their purchase✓ Correct
CPay fair market value regardless of notice
DAre a government entity
Explanation
Under a race-notice recording statute, a subsequent purchaser prevails over a prior unrecorded interest if they: (1) take without actual or constructive notice of the prior interest, AND (2) record their instrument before the prior interest is recorded.
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