New York § 151 Mortgagee may purchase at foreclosure sale

New York Statutes

§ 151 — Mortgagee may purchase at foreclosure sale

New York § 151

Law RRDRailroad

Art. 4Consolidation, Lease, Sale and Reorganization

This text of New York § 151 (Mortgagee may purchase at foreclosure sale) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Railroad § 151 (2026).

Text

  § 151. Mortgagee may purchase at foreclosure sale.  Any mortgagee of\nthe property and franchises of any railroad corporation may become the\npurchaser of the same at any sale thereof under the mortgage, upon\nforeclosure by advertisement, or under a judgment, or decree, or\notherwise, and hold and use the same, with all the rights and privileges\nbelonging thereto or connected therewith for the period of six months,\nand convey the same to any railroad corporation.\n

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§ 151. Mortgagee may purchase at foreclosure sale. Any mortgagee of\nthe property and franchises of any railroad corporation may become the\npurchaser of the same at any sale thereof under the mortgage, upon\nforeclosure by advertisement, or under a judgment, or decree, or\notherwise, and hold and use the same, with all the rights and privileges\nbelonging thereto or connected therewith for the period of six months,\nand convey the same to any railroad corporation.\n

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Bluebook (online)

New York § 151, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/RRD/151.