58-2418. Power to grantee to sell.

58-2418

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 24.--TRUSTS AND POWERS

      58-2418.   Power to grantee to sell.Where a power to sell lands or other property shall be given to thegrantee in any mortgage or other conveyance intended to secure the paymentof money, the power shall be deemed a part of the security, and shall vestin any person who shall become entitled to the money so secured to be paid.

      History:   G.S. 1868, ch. 114, § 18; Oct. 31; R.S. 1923, 67-418.