N.Y. EPT Law § 12-2.5
This is the official text of N.Y. EPT Law § 12-2.5, part of New York’s EPT Law — part of the compiled statutory law of New York, published by the state as "EPT Law." Browse the sections below, each linked to its official government source.
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Title of bona fide purchaser from distributee or testamentary
Official statutory text
§ 12-2.5 Title of bona fide purchaser from distributee or testamentary\n beneficiary protected\n The entry and filing of a judgment recovered against a distributee or\ntestamentary beneficiary in an action brought under this article does\nnot affect the rights of a prior purchaser, in good faith and for\nvaluable consideration, from such distributee or beneficiary of any\nproperty of the decedent which would otherwise be subject to such\njudgment, unless, in the case of real property, a notice of pendency had\nbeen filed prior to such purchase. When the subsequent purchaser is\nprotected, the judgment is enforceable against the judgment debtor to\nthe extent of the net proceeds received by him upon the disposition of\nthe property.\n
Status: in_force · Read it on the official government site
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