30-4710. Protection of third person.
129 words·~1 min read·
/ne/chapter-30/30-4710A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)With respect to property to which the Uniform Community Property Disposition at Death Act applies, a person is not liable under the Uniform Community Property Disposition at Death Act to the extent the person:
(1)transacts in good faith and for value:
(A)with a community-property spouse; or
(B)after the death of the decedent, with a surviving community-property spouse, personal representative, heir, devisee, or nonprobate transferee of the decedent; and
(2)does not know or have reason to know that the other party to the transaction is exceeding or improperly exercising the party's authority.
(b)Good faith under subdivision (a)(1) of this section does not require the person to inquire into the extent or propriety of the exercise of authority by the other party to the transaction.