Legislation
SECTION 10-10.5
Power to sell in a mortgage
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 10, PART 10
§ 10-10.5 Power to sell in a mortgage
Where a power to sell real property is given to a mortgagee or to the
transferee in any other conveyance intended to secure the payment of
money, the power is deemed a part of the security, and passes to and may
be exercised by any person, who by assignment or otherwise, becomes
entitled to the money so secured to be paid.
Where a power to sell real property is given to a mortgagee or to the
transferee in any other conveyance intended to secure the payment of
money, the power is deemed a part of the security, and passes to and may
be exercised by any person, who by assignment or otherwise, becomes
entitled to the money so secured to be paid.