2020 Wyoming Statutes
Title 2 - Wills, Decedents' Estates and Probate Code
Chapter 7 - Administration of Estates
Article 7 - Claims Against Estate
Section 2-7-726 - Rights of a Purchaser for Value; Duty to Inquire; Rights to Proceeds From Sale or Security Interest.
2-7-726. Rights of a purchaser for value; duty to inquire; rights to proceeds from sale or security interest.
(a) 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.
(b) 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.
(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.