§ 31C-7. Purchaser for value or lender.
§31C‑7. Purchaser for value or lender.
(a) If a survivingspouse has apparent title to property to which this Chapter applies, apurchaser for value or a lender taking a security interest in the propertytakes his interest in the property free of any rights of the personalrepresentative or an heir or devisee of the decedent.
(b) If a personalrepresentative or an heir or devisee of the decedent has apparent title toproperty to which this Chapter applies, a purchaser for value or a lendertaking a security interest in the property takes his interest in the propertyfree of any rights of the surviving spouse.
(c) A purchaser forvalue or a lender need not inquire whether a vendor or borrower acted properly.
(d) The proceeds of asale or creation of a security interest shall be treated in the same manner asthe property transferred to the purchaser for value or a lender. (1981,c. 882, s. 1.)