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2010 Florida Statutes

Title XLII ESTATES AND TRUSTS
Chapter 732 PROBATE CODE: INTESTATE SUCCESSION AND WILLS Entire Chapter
SECTION 222
Purchaser for value or lender.
F.S. 732.222
732.222

Purchaser for value or lender.

—
(1)

If a surviving spouse has apparent title to property to which ss. 732.216-732.228 apply, a purchaser for value or a lender taking a security interest in the property takes the interest in the property free of any rights of the personal representative or a beneficiary of the decedent.

(2)

If a personal representative or a beneficiary of the decedent has apparent title to property to which ss. 732.216-732.228 apply, a purchaser for value or a lender taking a security interest in the property takes that interest in the property free of any rights of the surviving spouse.

(3)

A purchaser for value or a lender need not inquire whether a vendor or borrower acted properly.

(4)

The proceeds of a sale or creation of a security interest must be treated as the property transferred to the purchaser for value or a lender.

History.
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s. 9, ch. 92-200; s. 956, ch. 97-102; s. 34, ch. 2001-226.