EPTL 6-6.5 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 6-6.4 Perfection of title up PART 6 Disposition of Community Property Rights At Death next SECTION 6-6.6 Effect and construction of part Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 6-6.5 Purchaser for value or lender Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 6, PART 6 § 6-6.5 Purchaser for value or lender (a) If a surviving spouse has apparent title to property to which this part applies, a purchaser for value or a lender taking a security interest in the property takes his interest in the property free of any rights of the personal representative or a testamentary beneficiary or distributee of the decedent. (b) If a personal representative or a testamentary beneficiary or distributee of the decedent has apparent title to property to which this part applies, a purchaser for value or a lender taking a security interest in the property takes his interest in the property free of any rights of the surviving spouse. (c) A purchaser for value or a lender need not inquire whether a vendor or borrower acted properly. (d) The proceeds of a sale or creation of a security interest shall be treated in the same manner as the property transferred to the purchaser for value or a lender.