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.
History. Ga. L. 1941, p. 487, § 3.
Cross references.
Exercise of powers of appointment and sale, § 23-2-114 et seq.
Structure Georgia Code
Chapter 14 - Mortgages, Conveyances to Secure Debt, and Liens
Article 3 - Conveyances to Secure Debt and Bills of Sale
§ 44-14-81. When Power of Sale Barred
§ 44-14-82. When Action to Recover Barred
§ 44-14-83. Actions to Foreclose and Exercise of Powers of Sale After Reversion
§ 44-14-84. Effect of Grantor Relinquishing Possession in Settlement of Debt