EPTL 10-10.5 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 10-10.4 Power to lease in tenant for life; effect of mortgage up PART 10 Provisions Affecting Powers Other Than Powers of Appointment next SECTION 10-10.6 Effect of reserved unqualified power to revoke Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 10-10.5 Power to sell in a mortgage Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 10, PART 10 § 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.