§25-1506.4. Effect of relief granted upon contracts, sales,
91 words·~1 min read·
/ok/title-25-definitions-and-general-provisions/25-1506-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
encumbrances, or leases.
Relief granted pursuant to Section 1506.3 of this title does not affect a contract, sale, encumbrance, or lease that:
1. Was consummated before the granting of the relief; and
2. Involved a bona fide purchaser, encumbrancer, or tenant who did not have actual notice of the filing of a complaint pursuant to Section 1101 et seq. of this title or a civil action pursuant to this section. Added by Laws 1991, c. 177, § 27. Amended by Laws 2013, c. 214, § 21, emerg. eff. May 7, 2013.