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

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Statutes > Connecticut > Title45a > Chap802b > Sec45a-464

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

      (P.A. 85-340, S. 7.)

      History: Sec. 45-298g transferred to Sec. 45a-464 in 1991.

State Codes and Statutes

Statutes > Connecticut > Title45a > Chap802b > Sec45a-464

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

      (P.A. 85-340, S. 7.)

      History: Sec. 45-298g transferred to Sec. 45a-464 in 1991.

State Codes and Statutes

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State Codes and Statutes

Statutes > Connecticut > Title45a > Chap802b > Sec45a-464

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

      (P.A. 85-340, S. 7.)

      History: Sec. 45-298g transferred to Sec. 45a-464 in 1991.