State Codes and Statutes

Statutes > Connecticut > Title45a > Chap802b > Sec45a-374

      Sec. 45a-374. (Formerly Sec. 45-230w). Title of bona fide purchaser from beneficiary protected. The entry and filing of a judgment recovered against a beneficiary in an action brought under section 45a-368 does not affect the rights of a prior purchaser, in good faith and for valuable consideration, from such beneficiary of any assets which would otherwise be subject to such judgment, unless, in the case of real property, a notice of pendency of such action had been recorded prior to such purchase. When the subsequent purchaser is so protected, the judgment is enforceable against such beneficiary but not in excess of the value of the assets received by him on the date of distribution or his ratable obligation as described in section 45a-370.

      (P.A. 87-384, S. 22.)

      History: Sec. 45-230w transferred to Sec. 45a-374 in 1991.