Unapproved transfer of encumbered property, effect of.

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Effective - 28 Aug 1971

369.259. Unapproved transfer of encumbered property, effect of. — In the event of a conveyance or transfer of any property upon which an association has a lien without the consent of the association, the association may proceed as provided in the note or security instrument.

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(L. 1971 S.B. 3 § 51)


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