N.Y. Estates, Powers & Trusts Law § 12-2.5: Title of bona fide purchaser from distributee or testamentary

§ 12-2.5 Title of bona fide purchaser from distributee or testamentary

beneficiary protected

The entry and filing of a judgment recovered against a distributee or

testamentary beneficiary in an action brought under this article does

not affect the rights of a prior purchaser, in good faith and for

valuable consideration, from such distributee or beneficiary of any

property of the decedent which would otherwise be subject to such

judgment, unless, in the case of real property, a notice of pendency had

been filed prior to such purchase. When the subsequent purchaser is

protected, the judgment is enforceable against the judgment debtor to

the extent of the net proceeds received by him upon the disposition of

the property.