When Power of Sale Barred

  1. Law
  2. Georgia Code
  3. Property
  4. Mortgages, Conveyances to Secure Debt, and Liens
  5. Conveyances to Secure Debt and Bills of Sale
  6. Reversion
  7. When Power of Sale Barred

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Powers of sale in the conveyances of real property to secure debt shall not be exercised after an action to foreclose the instrument is barred. A sale or conveyance under power in such instrument after an action to foreclose the instrument is barred shall be absolutely void and not merely voidable.

(Ga. L. 1941, p. 487, § 3.)

Cross references.

- Equitable principles pertaining to powers of sale, § 23-2-114 et seq.

JUDICIAL DECISIONS

Cited in McKenney v. Woodbury Banking Co., 208 Ga. 616, 68 S.E.2d 571 (1952); Williams v. O'Connor, 208 Ga. 801, 69 S.E.2d 726 (1952).


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