Current with changes from the 2024 legislative session through ch. 845
Section 64.2-320 - Purchaser for value or lenderA. If a surviving spouse has apparent title to property to which this article 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 article 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.1982, c. 456, § 64.1-202; 2012, c. 614.Amended by Acts 2012, c. 614.Amended by Acts 1982, c. 456, § 64.1-202.