Section 7-105.5 - Secured party may purchase at sale.
§ 7-105.5. Secured party may purchase at sale.
No title to property acquired at sale of property subject to a mortgage or deed of trust is invalid by reason of the fact that the property was purchased by the secured party, his assignee, or representative, or for his account.
[An. Code 1957, art. 21, § 7-105; 1974, ch. 12, § 2; 1976, ch. 272; 1980, chs. 436, 538, 565; 1981, ch. 290; 1983, chs. 563, 602; 1985, chs. 361, 656; 1992, ch. 625; 1993, ch. 113; 1995, ch. 580; 1996, ch. 364; 1998, ch. 21, § 1; 2005, ch. 25, § 13; ch. 509; 2008, chs. 1, 2.]