N.Y. Estates, Powers & Trusts Law Section 10-10.5
Power to sell in a mortgage

§ 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.

Source: Section 10-10.5 — Power to sell in a mortgage, https://www.­nysenate.­gov/legislation/laws/EPT/10-10.­5 (updated Sep. 22, 2014; accessed May 4, 2024).

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Accessed:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 10-10.5’s source at nysenate​.gov

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