The bill amends the Estates and Protected Individuals Code, specifically section 3912, to clarify the protections afforded to purchasers and lenders involved in property distributions from estates. It establishes that if a purchaser or lender acquires property or a security interest from a distributee who has received a deed of distribution from a personal representative, they take title free of any rights from interested parties in the estate. This protection applies regardless of whether the distribution was proper or if the personal representative's authority had been terminated prior to the execution of the deed.

Additionally, the bill modifies language regarding the personal representative's actions, replacing references to "himself or herself" with "the personal representative's own self" and changing "his or her" to "that person's." It also updates references to certain laws, including changing the citation from 1966 PA 135 to 134 and clarifying the application of the former 1993 PA 330 regarding recorded instruments. The bill stipulates that it will take effect 90 days after being enacted, contingent upon the passage of related legislation.

Statutes affected:
House Introduced Bill: 700.3912
As Passed by the House: 700.3912