Good faith purchaser
Sec. 7. Except when the purchaser knows at the time of the sale
that the seller lacks authority to sell the property, a purchaser who in
good faith, at a judicial or tax sale, purchases property that is sold by
the proper person or officer has color of title within the meaning of
this chapter, whether or not the person or officer had sufficient
authority to sell the property. The rights of the purchaser acquired
under this section pass to the purchaser's assignees or
representatives.
As added by P.L.2-2002, SEC.15.
Last modified: May 24, 2006