North Carolina General Statutes Chapter 31C. Uniform Disposition of Community Property Rights at Death Act § 31C-7. Purchaser for value or lender

(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.

Cite this article: FindLaw.com - North Carolina General Statutes Chapter 31C. Uniform Disposition of Community Property Rights at Death Act § 31C-7. Purchaser for value or lender - last updated January 01, 2020 | https://codes.findlaw.com/nc/chapter-31c-uniform-disposition-of-community-property-rights-at-death-act/nc-gen-st-sect-31c-7.html


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