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Florida Estates And Trusts Code Section 732.222 - Probate Code: Intestate Succession And Wills - Purchaser for value or lender.

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Title XLII   ESTATES AND TRUSTS

Chapter 732   PROBATE CODE: INTESTATE SUCCESSION AND WILLS

732.222  Purchaser for value or lender.--

(1)  If a surviving spouse has apparent title to property to which ss. 732.216-732.228 apply, 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.

(2)  If a personal representative or a beneficiary of the decedent has apparent title to property to which ss. 732.216-732.228 apply, 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.

(3)  A purchaser for value or a lender need not inquire whether a vendor or borrower acted properly.

(4)  The 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.

History.--s. 9, ch. 92-200; s. 956, ch. 97-102; s. 34, ch. 2001-226.

Last modified: November 21, 2006