SECTION 732.222. Purchaser for value or lender.
Latest version.
1(1) 2If a surviving spouse has apparent title to property to which ss. 14732.21615-16732.228 17apply, a purchaser for value or a lender taking a security interest in the property takes the interest in the property free of any rights of the personal representative or a beneficiary of the decedent. 52(2) 53If a personal representative or a beneficiary of the decedent has apparent title to property to which ss. 71732.21672-73732.228 74apply, a purchaser for value or a lender taking a security interest in the property takes that interest in the property free of any rights of the surviving spouse. 103(3) 104A purchaser for value or a lender need not inquire whether a vendor or borrower acted properly.
121(4) 122The proceeds of a sale or creation of a security interest must be treated as the property transferred to the purchaser for value or a lender.
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