GEORGIA CODE (Last Updated: August 20, 2013) |
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 |
Section 44-14-81. When power of sale barred
Latest version.
- 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.