Sec. 45a-464. (Formerly Sec. 45-298g). Security interest of purchaser for value or lender.
Sec. 45a-464. (Formerly Sec. 45-298g). Security interest of purchaser for value
or lender. (a) If a surviving spouse has apparent title to property to which sections 45a-458 to 45a-466, inclusive, apply, 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 an heir or devisee of the decedent.
(b) If a personal representative or an heir or devisee of the decedent has apparent
title to property to which sections 45a-458 to 45a-466, inclusive, apply, 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 shall not be required to 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.
(P.A. 85-340, S. 7.)
History: Sec. 45-298g transferred to Sec. 45a-464 in 1991.