Section 7-3.2. Bona fide purchasers and creditors protected

Latest version.

An  express trust not declared in the disposition to the trustee or an
  implied or resulting trust does not defeat the title of a purchaser from
  the trustee for value and without notice of the trust, or the rights  of
  a  creditor  who  extended  credit  to  the trustee in reliance upon his
  apparent ownership of the trust property.

                    
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