865.15 Purchasers from distributees protected. If property distributed in kind or a security interest therein is acquired from a distributee by a purchaser, or lender, in good faith, for value and without actual notice that the distribution was improper, the purchaser or lender takes title free of any claims of the estate and incurs no personal liability to the estate, whether or not the distribution was proper. Purchasers and lenders have no duty to inquire whether a distribution was proper.
History: 1973 c. 39.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 865 - Probate — informal administration.
865.01 - Applicability of informal administration.
865.02 - Use of informal administration.
865.03 - Formal proceedings: nature; effect.
865.031 - Effect of fraud and evasion.
865.04 - Proceedings independent; exceptions.
865.05 - Notice: method and time of giving.
865.06 - Application; contents.
865.065 - Probate registrar: definition and powers.
865.07 - Determinations required of probate registrar.
865.08 - Informal appointment; letters.
865.09 - Powers and duties; time of accrual.
865.10 - Personal representative to proceed without court order; exception.
865.11 - Inventory and tax returns.
865.12 - Employment of appraisers.
865.13 - Personal representative may pay claims.
865.14 - Improper distribution; liability of distributee.
865.15 - Purchasers from distributees protected.
865.16 - Closing estates by sworn statement.
865.17 - Liability of distributees to claimants.
865.18 - Limitations on proceedings against personal representative.
865.19 - Limitations on actions and proceedings against distributees.
865.20 - Termination of joint tenancy or life estate.
865.201 - Confirmation of interest in property.