 Rule in Dearle v Hall

The rule in "Dearle v Hall" (1828) 3 Russ 1 is an English common law rule to determine priority between competing equitable claims to the same asset.The rule broadly provides that where the equitable owner of an asset purports to dispose of his equitable interest on two or more occasions, and the equities are equal between claimants, the claimant who first notifies the trustee or legal owner of the asset shall have a first priority claim.