Legislation
SECTION 7-3.2
Bona fide purchasers and creditors protected
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 7, PART 3
§ 7-3.2 Bona fide purchasers and creditors protected
An express trust not declared in the disposition to the trustee or an
implied or resulting trust does not defeat the title of a purchaser from
the trustee for value and without notice of the trust, or the rights of
a creditor who extended credit to the trustee in reliance upon his
apparent ownership of the trust property.
An express trust not declared in the disposition to the trustee or an
implied or resulting trust does not defeat the title of a purchaser from
the trustee for value and without notice of the trust, or the rights of
a creditor who extended credit to the trustee in reliance upon his
apparent ownership of the trust property.