Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 6-6.5 — Purchaser for value or lender
N.Y. Est. Powers & Trusts Law § 6-6.5
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 6-6.5 Purchaser for value or lender
Citator
N.Y. Est. Powers & Trusts Law § 6-6.5 — Purchaser for value or lender is in force in the current edition of the Code, and nothing recorded condemns it.
§ 6-6.5 Purchaser for value or lender
(a) If a surviving spouse has apparent title to property to which this part 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 a testamentary beneficiary or distributee of the decedent.
(b) If a personal representative or a testamentary beneficiary or distributee of the decedent has apparent title to property to which this part 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.