(1) If a surviving spouse has apparent title to property to which this article 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 article 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 actedproperly.
The proceeds of a sale or creation of a security interest shall be treated in the same manneras the property transferred to the purchaser for value or a lender.
Source: L. 73: p. 1655, § 1. C.R.S. 1963: § 153-22-6.