State Codes and Statutes

Statutes > New-york > Ept > Article-12 > Part-2 > 12-2-5

§ 12-2.5 Title  of  bona fide purchaser from distributee or testamentary             beneficiary protected    The entry and filing of a judgment recovered against a distributee  or  testamentary  beneficiary  in  an action brought under this article does  not affect the rights of a  prior  purchaser,  in  good  faith  and  for  valuable  consideration,  from  such  distributee  or beneficiary of any  property of the decedent  which  would  otherwise  be  subject  to  such  judgment, unless, in the case of real property, a notice of pendency had  been  filed  prior  to such purchase.   When the subsequent purchaser is  protected, the judgment is enforceable against the  judgment  debtor  to  the  extent  of the net proceeds received by him upon the disposition of  the property.

State Codes and Statutes

Statutes > New-york > Ept > Article-12 > Part-2 > 12-2-5

§ 12-2.5 Title  of  bona fide purchaser from distributee or testamentary             beneficiary protected    The entry and filing of a judgment recovered against a distributee  or  testamentary  beneficiary  in  an action brought under this article does  not affect the rights of a  prior  purchaser,  in  good  faith  and  for  valuable  consideration,  from  such  distributee  or beneficiary of any  property of the decedent  which  would  otherwise  be  subject  to  such  judgment, unless, in the case of real property, a notice of pendency had  been  filed  prior  to such purchase.   When the subsequent purchaser is  protected, the judgment is enforceable against the  judgment  debtor  to  the  extent  of the net proceeds received by him upon the disposition of  the property.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Ept > Article-12 > Part-2 > 12-2-5

§ 12-2.5 Title  of  bona fide purchaser from distributee or testamentary             beneficiary protected    The entry and filing of a judgment recovered against a distributee  or  testamentary  beneficiary  in  an action brought under this article does  not affect the rights of a  prior  purchaser,  in  good  faith  and  for  valuable  consideration,  from  such  distributee  or beneficiary of any  property of the decedent  which  would  otherwise  be  subject  to  such  judgment, unless, in the case of real property, a notice of pendency had  been  filed  prior  to such purchase.   When the subsequent purchaser is  protected, the judgment is enforceable against the  judgment  debtor  to  the  extent  of the net proceeds received by him upon the disposition of  the property.