Montana Statutes
§ 72-9-110 — Purchaser For Value Or Lender
Montana·Title 72 ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS·Ch. 9 DISPOSITION OF COMMUNITY PROPERTY RIGHTS AT DEATH·Part 1 Uniform Disposition of Community Property Rights at Death
72-9-110 . Purchaser for value or lender.
(1)If a surviving spouse has apparent title to property to which this part applies, a purchaser for value or a lender taking a security interest in the property takes the purchaser's or lender's interest in the property free of any rights of the personal representative or an heir or devisee, as those terms are defined in 72-1-103 , of the decedent.
(2)If a personal representative or an heir or devisee of the decedent has apparent title to property to which this part applies, a purchaser for value or a lender taking a security interest in the property takes the purchaser's or lender's 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 proper
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Legislative History
En. Sec. 7, Ch. 395, L. 1989; Sec. 72-6-110 , MCA 1991; redes. 72-9-110 by Code Commissioner, 1993; amd. Sec. 2441, Ch. 56, L. 2009.
Nearby Sections
14
§ 72-9-101
Short Title§ 72-9-102
Application§ 72-9-103
Rebuttable Presumptions§ 72-9-104
Through 72-9-106 Reserved§ 72-9-107
Disposition Upon Death§ 72-9-108
Perfection Of Title Of Surviving Spouse§ 72-9-110
Purchaser For Value Or Lender§ 72-9-111
Through 72-9-113 Reserved§ 72-9-114
Creditor's Rights§ 72-9-115
Acts Of Married Persons§ 72-9-116
Limitations On Testamentary Disposition§ 72-9-117
Through 72-9-119 Reserved