Missouri Revised Statutes













Chapter 473

Probate Code--Administration of Decedents' Estates

←473.844

Section 473.845.1

473.010→

August 28, 2015

Interest of purchaser for value from, or lender to, distributee of property protected.

473.845. If property distributed in kind or a security interest therein

is acquired for value by a purchaser from or lender to a distributee who has

received an instrument or deed of distribution from the independent personal

representative, or is so acquired by a purchaser from or lender to a

transferee from such distributee, the purchaser or lender takes title free of

rights of any interested person in the estate and incurs no personal liability

to the estate, or to any interested person, whether or not the distribution

was proper or supported by court order or the authority of the independent

personal representative was terminated before execution of the instrument or

deed. This section protects a purchaser from or lender to a distributee who,

as independent personal representative, has executed a deed of distribution to

himself, as well as a purchaser from or lender to any other distributee or

his transferee. To be protected under this provision, a purchaser or lender

need not inquire whether an independent personal representative acted

properly in making the distribution in kind, even if the independent personal

representative and the distributee are the same person, or whether the

authority of the independent personal representative had terminated before

the distribution.



(L. 1983 H.B. 369)







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