单词 | Torrens system |
释义 | Tor·rens system /'tōr-ənz-/ n [after Sir Robert Torrens (1814–1884), British pioneer in Australia]: a title registration system used esp. in Massachusetts, Hawaii, Illinois, and Minnesota ◇ When a certificate of title is first applied for in the Torrens system, the title is searched or examined, a court hearing is held (as in a land court), and a decree confirming title and ordering registration (as with the registrar of deeds) is issued. A certificate of title is then given to the owner, after which the property may be conveyed by executing deeds, delivering the certificate of title to be cancelled, and issuing a new certificate to the new owner. The title registered in a Torrens system is usu. guaranteed and marketable, making title insurance unnecessary and greatly reducing the time spent researching the state of the title during subsequent conveyances. |
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