change of title

change of title
That which takes place where there is a change in ownership which carries the legal right of possession and property. 42 Am J1st Prop § 37; an instrument, filed by requirement of law, by a personal representative of a decedent's estate upon the completion of the administration, for the purpose, among other things, to show the new ownership of the estate property resulting from the death of the former owner and the devolution of the property under his will or by the laws of descent, so that the new ownership will appear in the tax records; a clause, usually appearing in policies of fire insurance or the other insurance on property to the effect that the policy shall become void in case of a sale, conveyance, or a change in the interest, title, or possession of the property insured, without the insurer's consent. 29A Am J Rev ed Ins § 825; a breach of the foregoing clause or condition, that is, a change of title or interest by sale or conveyance which places the risk of loss of the property upon the buyer or grantee, creates a motive for the destruction of the property, or lessens the interest of the insured in protecting it. Mackintosh v Agricultural Fire Ins. Co. 150 Cal 440; 89 P 102.

Ballentine's law dictionary. . 1998.

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