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after-acquired:
1. Acquired at a time subsequent to a definite date. [2]
after-acquired title:
(1810)
1. Title held by a person who bought property from a seller who acquired title only after purporting to sell the property to the buyer. Cf. title by estoppel. [1]
1. The interest or estate in land which a grantor acquires after he has conveyed the same land to another person.
As a general rule, when a person conveys by a deed which contains a warranty of title or which recites or imports that the grantor as title, land in which he has the interest at the time, but afterward acquires a title to the same land, he will not be permitted to claim in opposition to his deed from the grantee, or by any person, claiming title from the grantee. 23 Am J2d Deeds § 294. [2]
1. The interest (usually ownership) in land that a person acquires after she has conveyed the land in another person. in such circumstances, the grantor will not be permitted to revoke the original transaction on the ground that she did not have title at the time. [3]
- after-acquired-title doctrine – (1940) The principle that title to property automatically vests in a person who bought the property from a seller who acquired title only after purporting to sell the property to the buyer. [1]
after-acquired property:
(18c)
1. Secured transactions. A debtor’s property that is acquired after a security transaction and becomes additional security for payment of the debt. UCC § 9-204. — aka future-acquired property.
2. Bankruptcy. Property that the bankruptcy estate acquires after commencement of the bankruptcy proceeding. 11 USCA § 541(a)(7).
3. Wills & Estates. Property acquired by a person after making a will. * The old rule was that a testamentary gift of personal property spoke at the time of the testator’s death, whereas a gift of alnds spoke from the date fo the will’s execution (so that after-acquired property was not disposed of), but this has been changed to legislation in most states. [1]
1. A term commonly employed in mortgages and for the double purpose of subjecting added security to the lien of the mortgage and of removing — in many cases — doubts which may arise as to whether improvements, repairs,, and additions made since the mortgage was executed are included in it. Shaw v Bill, 95 US 10, 24 L Ed 333, 36 Am J1st Mtg § 33.
Property acquired by the mortgagor after the date of a chattel mortgage. 15 Am J2d Chat Mtg § 24. [2]
1. Property acquired by a debtor after entering into a secured transaction. Such property may become additional security under the security agreement. [3]
after-acquired property clause – (1888) A mortgage provision that makes any later-acquired real estate subject to the mortgage. [1]
1. A clause in a mortgage which has the effect of including int he mortgage anything added to the mortgaged property after the mortgage was entered into. [3]
after-acquired-title clause – (1918) Oil & Gas. A provision in an oil-and-gas lease extending the lease’s coverage to include any interest int he property that the lessor may obtain after the lease is signed. * A common formulation is “This lease covers all the interest now owned by or hereafter vested in the lessor….” [1]
References:
Disclaimer: All material throughout this website is compiled in accordance with Fair Use.
[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4
[2]: Ballantine’s Law Dictionary with Pronunciations Third Edition by James A. Ballantine (James Arthur 1871-1949). Edited by William S. Anderson. © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY. Library of Congress Catalog Card No. 68-30931
[3]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine (James Arthur 1871-1949). Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning. ISBN 0-8273-4874-6.
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