CHAPTER 190 - CONVEYANCES

AN ACT TO AMEND CHAPTER 92 OF THE REVISED CODE OF DELAWARE, 1935, IN REFERENCE TO THE TIME FOR RECORDING OF DEEDS.

Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:

Section 1. That Chapter 92 of the Revised Code of Delaware, 1935, be and the same is hereby amended by striking out 3680, Section 23 and inserting in lieu thereof the following:

3680, Section 23. Deed Not Recorded Within Fifteen Days Not Available Against Innocent Purchasers for Value; Rule as to Leases:--If a deed concerning lands or tenements be not recorded in the proper office within fifteen days after the day of the sealing and delivery thereof, said deed shall not avail against a subsequent fair creditor, mortgagee or purchaser for a valuable consideration unless it shall appear that such creditor when giving the credit, or such mortgagee or purchaser, when advancing the consideration, had notice of such deed. But this provision shall not extend to a lease under a fair rent for a term not exceeding twenty-one years, when the possession accompanies the lease, or the lessee is to come into possession within one year after the making of it.

Approved May 18, 1937.