Section 22-46-15 - Third party property interest acquired for value and in good faith unaffected by severance of perpetrator's property interest

22-46-15. Third party property interest acquired for value and in good faith unaffected by severance of perpetrator's property interest.A severance pursuant to subdivision 22-46-14(2) does not affect any third party interest in property that was acquired for value and in good faith reliance on apparent title by survivorship in the perpetrator unless a writing declaring the severance has been noted, registered, filed, or recorded in records that are appropriate to the kind and location of the property and that are relied on as evidence of ownership in the ordinary course of transactions involving that property. Source: SL 2016, ch 120, §30.