25:2-4. Conveyances with reservation of power to revoke or alter void as against subsequent grantees
If any person has made or hereafter shall make any conveyance, gift, grant, demise, charge or assurance of any real estate, with any clause, provision or condition of revocation or alteration at his will or pleasure, contained or mentioned in any writing, deed or indenture, and, after such conveyance, gift, grant, demise, charge or assurance so made, shall bargain, sell, demise, grant, convey or charge the same real estate, or any part or parcel thereof, to any person or persons, for money or other good consideration paid or given (the said first conveyance, gift, grant, demise, charge or assurance not having been revoked or altered according to the power and authority reserved or expressed in the said secret conveyance, assurance, gift or grant), then the said former conveyance, gift, grant, demise, charge or assurance of the said real estate shall be void and of no effect as against such subsequent bargainees, vendees, lessees, grantees, and every of them, their heirs, successors, executors, administrators and assigns, and every person or persons who may lawfully have or claim anything by, from or under them, or any of them.
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Last modified: October 11, 2016