Indiana Code 30-1-9-18. Sale of lands; mortgage or conveyance
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code 30-1-9-18
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Sec. 18. Where a power to sell lands shall be given to the grantee, in any mortgage or other conveyance intended to secure the payment of money, the power shall be deemed a part of the security, and shall vest in any person who shall become entitled to the money so secured to be paid.
Formerly: Acts 1852, 1RS, c.113, s.18.