Missouri Laws 443.140 – Attorney in fact may enter satisfaction
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Terms Used In Missouri Laws 443.140
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
- Property: includes real and personal property. See Missouri Laws 1.020
- Security instrument: as that term is used in this chapter, shall mean any mortgage, deed of trust or other real property security instrument securing the payment or satisfaction of any debt or other obligation. See Missouri Laws 443.005
Any attorney in fact, to whom the money due on any security instrument is paid, shall have power to execute a release, as specified in section 443.060. Such deed of release, duly acknowledged and recorded, shall have the effect to release the security instrument, and bar all actions brought thereon, and revest in the mortgagor, or person who executed the security instrument, or his legal representatives, all title to the property contained in such security instrument.