Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 10-10.5 — Power to sell in a mortgage
N.Y. Est. Powers & Trusts Law § 10-10.5
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 10-10.5 Power to sell in a mortgage
Citator
N.Y. Est. Powers & Trusts Law § 10-10.5 — Power to sell in a mortgage is in force in the current edition of the Code, and nothing recorded condemns it.
§ 10-10.5 Power to sell in a mortgage
Where a power to sell real property is given to a mortgagee or to the transferee in any other conveyance intended to secure the payment of money, the power is deemed a part of the security, and passes to and may be exercised by any person, who by assignment or otherwise, becomes entitled to the money so secured to be paid.