LegalFix
Sign In

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

CT Gen Stat § 45a-464 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(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.

Previous Section
Section 45a-463 - (Formerly Sec. 45-298f). Perfection of title of personal representative, heir or devisee.
Next Section
Section 45a-465 - (Formerly Sec. 45-298h). Creditor's rights.