13 GCA § 6110: Subsequent Transfers.

When the title of a transferee to property is subject to a defect by reason of his noncompliance with the requirements of this division, then:

(1) A purchaser of any such property from such transferee who pays no value or who takes with notice of such non-compliance takes subject to such defect, but

(2) A purchaser for value in good faith and without such notice takes free of such defect.