Sec. 18. Where a power to sell lands shall be given to the grantee, in any mortgage or other conveyance intended to secure the payment of money, the power shall be deemed a part of the security, and shall vest in any person who shall become entitled to the money so secured to be paid.
Formerly: Acts 1852, 1RS, c.113, s.18.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Article 1. Sales of Securities and Investments by Fiduciaries
Chapter 9. Resulting Trusts and Powers
30-1-9-8. Resulting Trust; Absolute Conveyance Without Consent
30-1-9-14. Reserving Absolute Power of Revocation
30-1-9-15. Disposition More Extensive Than Power