                                 CODE OF VIRGINIA

PURCHASER FOR VALUE OR LENDER (§ 64.2-320)

A. 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.

HISTORY: 1982, c. 456, § 64.1-202; 2012, c. 614.