Official Code of Georgia Annotated

Title 44. PROPERTY · Chapter 14. MORTGAGES, CONVEYANCES TO SECURE DEBT, AND LIENS · Article 3. CONVEYANCES TO SECURE DEBT AND BILLS OF SALE · Part 2. REVERSION

44-14-81. When power of sale barred.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Powers of sale in the conveyances of real property to secure debt shall not be exercised after an action to foreclose the instrument is barred. A sale or conveyance under power in such instrument after an action to foreclose the instrument is barred shall be absolutely void and not merely voidable.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1941, p. 487, § 3.

Cross references

Exercise of powers of appointment and sale, § 23-2-114 et seq.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t44-ch8-15-(v32)-2022-pdf.pdf, Volume V32, 2022 edition, pages 530 to 531; merge action: carried; file SHA-256 02e72213893a.