North Carolina § 31C-7 Purchaser for value or lender

North Carolina Statutes

§ 31C-7 — Purchaser for value or lender

North Carolina § 31C-7

Ch. 31CUniform Disposition of Community Property Rights at Death Act

This text of North Carolina § 31C-7 (Purchaser for value or lender) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 31C-7 (2026).

Text

(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 transfer

Free access — add to your briefcase to read the full text and ask questions with AI

(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.)