Sec. 7.
(1) If a surviving spouse has apparent title to property to which this act 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.
(2) If a personal representative or an heir or devisee of the decedent has apparent title to property to which this act 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.
(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 shall be treated in the same manner as the property transferred to the purchaser for value or a lender.
History: 1975, Act 289, Eff. Mar. 31, 1976
Structure Michigan Compiled Laws
Chapter 557 - Property of Husband and Wife
Act 289 of 1975 - Uniform Disposition of Community Property Rights at Death Act (557.261 - 557.271)
Section 557.261 - Short Title.
Section 557.262 - Property to Which Act Applies.
Section 557.263 - Rebuttable Presumptions.
Section 557.264 - Disposition of Property Upon Death of Married Person.
Section 557.267 - Purchaser for Value; Lender Taking Security Interest in Property.
Section 557.268 - Rights of Creditors.
Section 557.269 - Married Persons Not Prevented From Severing or Altering Interests in Property.