Florida Statutes 732.222 – Purchaser for value or lender
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Florida Statutes 732.222
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Decedent: A deceased person.
(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.