<?xml version='1.0' encoding='utf-8'?>
<subtitle article="grp" title_number="3" subtitle_number="2" title_name="Recordation" subtitle_name="Priorities Based on Recording">
  <section article="grp" article_name="Real Property" number="3-201" title_number="3" title_name="Recordation" subtitle_number="2" subtitle_name="Priorities Based on Recording">
    <text>The effective date of a deed is the date of delivery, and the date of delivery is presumed to be the date of the last acknowledgment, if any, or the date stated on the deed, whichever is later. Every deed, when recorded, takes effect from its effective date as against the grantor, his personal representatives, every purchaser with notice of the deed, and every creditor of the grantor with or without notice.</text>
  </section>
  <section article="grp" article_name="Real Property" number="3-202" title_number="3" title_name="Recordation" subtitle_number="2" subtitle_name="Priorities Based on Recording">
    <text>If a grantee under an unrecorded deed is in possession of the land and his possession is inconsistent with the record title, his possession constitutes constructive notice of what an inquiry of the possessor would disclose as to the existence of the unrecorded deed.</text>
  </section>
  <section article="grp" article_name="Real Property" number="3-203" title_number="3" title_name="Recordation" subtitle_number="2" subtitle_name="Priorities Based on Recording">
    <text>Every recorded deed or other instrument takes effect from its effective date as against the grantee of any deed executed and delivered subsequent to the effective date, unless the grantee of the subsequent deed has:</text>
    <level label="1">
      <text>Accepted delivery of the deed or other instrument:</text>
      <level label="i">
        <text>In good faith;</text>
      </level>
      <level label="ii">
        <text>Without constructive notice under § 3-202; and</text>
      </level>
      <level label="iii">
        <text>For a good and valuable consideration; and</text>
      </level>
    </level>
    <level label="2">
      <text>Recorded the deed first.</text>
    </level>
  </section>
  <section article="grp" article_name="Real Property" number="3-204" title_number="3" title_name="Recordation" subtitle_number="2" subtitle_name="Priorities Based on Recording">
    <text>An interest created by a deed granting, assigning, or otherwise transferring an interest in rents or profits arising from property is perfected upon recordation as provided in this title:</text>
    <level label="1">
      <text>Regardless of whether, by its terms or otherwise, the grant, assignment, or transfer is operative immediately, or upon the occurrence of a specific event, or under any other circumstances; and</text>
    </level>
    <level label="2">
      <text>Without the grantee, assignee, or transferee having to make any affirmative demand or take any further affirmative action.</text>
    </level>
  </section>
</subtitle>