Section 502.77 Power If Part of Security
502.77 POWER IF PART OF SECURITY.
When a power to sell lands is given to the grantee in a mortgage, or other conveyance intended to secure the payment of money, the power is a part of the security and vests in, and may be executed by, any person who becomes entitled to the money so secured to be paid.
History:
1943 c 322 s 17