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


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  •    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.
Ga. L. 1941, p. 487, § 3.