Advanced Search

§33-19-2  Terms of mortgages and notes. –


Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
TITLE 33

Probate practice and procedure

CHAPTER 33-19

Real Property of Decedents and Incompetents

SECTION 33-19-2



   § 33-19-2  Terms of mortgages and notes.

–

A mortgage given by an executor, administrator, or guardian, under leave from a

probate court, may contain such powers of sale, conditions and covenants as are

usual in mortgages taken by savings banks in this state. Notes secured by, and

covenants contained in, mortgages given by executors, administrators, and

guardians, so far as those notes and covenants are made by the executor,

administrator, or guardian as such, shall not bind the executor, administrator,

or guardian personally, but only the estate of the deceased or ward.



History of Section.

(C.P.A. 1905, § 751; G.L. 1909, ch. 308, § 18; P.L. 1918, ch. 1640,

§ 5; G.L. 1923, ch. 359, § 18; G.L. 1938, ch. 570, § 18; G.L.

1956, § 33-19-2.)