US Lawyer Database

§40-1-15. Purchaser Not Affected by Record Not in Chain of Title

A purchaser shall not, under this article, or articles one, two and eleven, chapter thirty-eight of this code, be affected by the record of a deed or contract made by a person under whom his title is not derived; nor by the record of a deed or contract made by any person under whom the […]

§40-1A-1. Definitions

As used in this article: (a) “Affiliate” means: (1) A person that directly or indirectly owns, controls or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than a person who holds the securities;