Mich. Comp. Laws § 557.267: Purchaser for value; lender taking security interest in property.
Where this section sits in the code
- MI Code
- Chapter 557
- Act Act-289-of-1975
Sec. 7.
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.
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.
A purchaser for value or a lender need not inquire whether a vendor or borrower acted properly.
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.
Collected 2026-09-14T18:32:31Z. Source file · JSON