Connecticut § 45a-464 (Formerly Sec. 45-298g). Security interest of purchaser for value or lender.

Connecticut Statutes

§ 45a-464 — (Formerly Sec. 45-298g). Security interest of purchaser for value or lender.

Connecticut·Title 45a Probate Courts and Procedure·Ch. 802b Decedents' Estates

(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 in

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(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.

Connecticut § 45a-464 ((Formerly Sec. 45-298g). Security interest of purchaser for value or lender.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.