§ 58-2418 — Power to grantee to sell

Where a power to sell lands or other property 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.

Legislative History

G.S. 1868, ch. 114, § 18; October 31; R.S. 1923, 67-418.