Document: General_Provisions_General_Article_§_31C-7._ Purchaser_for_value_or_lender.

Chapter: {"article_title": "General Article", "section_title": "§ 31C-7.  Purchaser for value or lender.", "subchapter_title": "General Provisions", "type": "section"}

Content:
§ 31C-7.  Purchaser for value or lender. (a)	If a surviving spouse has apparent title to property to which this Chapter 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 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 this Chapter 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. (1981, c. 882, s. 1.)