Rhode Island General Laws 33-19-2. Terms of mortgages and notes
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A mortgage given by an executor, administrator, or guardian, under leave from a probate court, may contain such powers of sale, conditions and covenants as are usual in mortgages taken by savings banks in this state. Notes secured by, and covenants contained in, mortgages given by executors, administrators, and guardians, so far as those notes and covenants are made by the executor, administrator, or guardian as such, shall not bind the executor, administrator, or guardian personally, but only the estate of the deceased or ward.
History of Section.
C.P.A. 1905, § 751; G.L. 1909, ch. 308, § 18; P.L. 1918, ch. 1640, § 5; G.L. 1923, ch. 359, § 18; G.L. 1938, ch. 570, § 18; G.L. 1956, § 33-19-2.
Terms Used In Rhode Island General Laws 33-19-2
- Executor: A male person named in a will to carry out the decedent
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Probate: Proving a will