HEFFERNAN, J.
The question on appeal is whether one who acquires an interest in land by a conveyance prior to the filing of a lis pendens is nonetheless bound by the proceedings in an action affecting title to the real estate, unless the instrument of conveyance is of record prior to the filing of the lis pendens.
We deem sec. 281.03 (1), Stats., dispositive of this issue. That statute provides:
"281.03
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