[Verb "assign" sufficient to transfer interest.]

Checkout our iOS App for a better way to browser and research.

In an assignment of a mortgage or deed of trust by way of mortgage of real estate the word "assign" shall be a sufficient word to transfer the mortgage or the beneficial interest under deed of trust, without the words, "transfer and set over."

History: 1941 Comp., § 75-141, enacted by Laws 1947, ch. 203, § 16; 1953 Comp., § 70-1-41.

ANNOTATIONS

Am. Jur. 2d, A.L.R. and C.J.S. references. — 23 Am. Jur. 2d Deeds § 295.

59 C.J.S. Mortgages § 355.


Download our app to see the most-to-date content.