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Current as of January 01, 2022 | Updated by FindLaw Staff
If property distributed in kind or a security interest therein is acquired from a distributee by a purchaser, or lender, in good faith, for value and without actual notice that the distribution was improper, the purchaser or lender takes title free of any claims of the estate and incurs no personal liability to the estate, whether or not the distribution was proper. Purchasers and lenders have no duty to inquire whether a distribution was proper.
Cite this article: FindLaw.com - Wisconsin Statutes Probate (Ch. 851 to 882) § 865.15. Purchasers from distributees protected - last updated January 01, 2022 | https://codes.findlaw.com/wi/probate-ch-851-to-882/wi-st-865-15/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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