New Jersey § 3a:2a-79

§ 3a:2a-79.

If property distributed in kind or a security interest therein is acquired for value

by a purchaser from or lender to a distributee who has received an instrument or deed

of distribution from the personal representative, or is so acquired by a purchaser

from or lender to a transferee from such distributee, the purchaser or lender takes

title free of rights of any interested person in the estate and incurs no personal

liability to the estate, or to any interested person, whether or not the distribution

was proper or supported by court order or the authority of the personal representative

was terminated before execution of the instrument or deed. This section protects a purchaser from or lender to a distributee who, as personal

representative, has executed a deed of distribution to himself, as well as a purchaser

from or lender to any other distributee or his transferee. To be protected under this provision, a purchaser or lender need not inquire whether

a personal representative acted properly in making the distribution in kind, even

if the personal representative and the distributee are the same person, or whether

the authority of the personal representative had terminated before the distribution. Any recorded instrument described in this section on which a State documentary fee

is noted pursuant to section 3 of P.L.1968, c. 49 ( C. 46:15-7 ) shall be prima facie evidence that such transfer was made for value.