Legal Definitions - string of title

A string of title is the ownership history of a piece of property or commercial paper. It shows who has owned it from the first owner to the current one.

Example 1: John buys a house from Sarah, who bought it from Tom, who bought it from Mary. The string of title for the house would be Mary → Tom → Sarah → John.

Example 2: A company issues a bond and sells it to an investor. The investor then sells it to another investor, who sells it to a third investor. The string of title for the bond would be the company → first investor → second investor → third investor.

These examples illustrate how the string of title shows the ownership history of a property or commercial paper. It is important to have a complete and proper string of title to ensure good title and ownership rights.