Advertisement
Advertisement
Torrens system
noun
- (in Australia, England, Canada, certain states of the U.S., etc.) a system of registration of land titles in which the titles are settled consequent to establishment and validation by a legal proceeding, designed chiefly to make title insurance unnecessary and to facilitate transfers.
Word History and Origins
Origin of Torrens system1
Example Sentences
There were also passed a Savings Bank Act, a Supreme Court Act, and, among several others, twenty-two in all, the Real Property Act of 1861, which adopted the Torrens system of registration of titles, and may be regarded as one of the most useful reforms of the fifty-year period.
The government has also introduced the Torrens System of Registering Land Titles, as it has done in Hawaii.
In fact, China's failure to adopt a modern currency system is perhaps even less a sinning against light than our failure to adopt the Torrens system of registering land titles.
The ablest advocates of the Torrens system I know are lawyers, men who say that lawyers ought to be content with the really useful ways of earning money and not insist on keeping up utterly useless and indefensible means of getting fees out of the people.
With his land registered under the Torrens system the bank will lend him money at a normal rate of interest, with nothing wasted in lawyers' fees for expensive investigations of all previous changes in title since the beginning of time.
Advertisement
Advertisement
Advertisement
Advertisement
Browse