89-1-47 - Deed not shown to be mortgage by parol evidence.
§ 89-1-47. Deed not shown to be mortgage by parol evidence.
A conveyance or other writing absolute on its face, where the maker parts with the possession of the property conveyed by it, shall not be proved, at the instance of any of the parties, by parol evidence, to be a mortgage only, unless fraud in this procurement be the issue to be tried.
Sources: Codes, 1880, § 1299; 1892, § 4233; 1906, § 4783; Hemingway's 1917, § 3127; 1930, § 3351; 1942, § 272.