Massachusetts General Laws ch. 266 sec. 83 – Personalty; sale by mortgagor without consent
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Section 83. A mortgagor of personal property who sells or conveys the same or any part thereof without the written consent of the mortgagee, and without informing the vendee or grantee that the same is mortgaged, shall be punished by a fine of not more than one hundred dollars or by imprisonment for not more than one year.
Terms Used In Massachusetts General Laws ch. 266 sec. 83
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Personal property: All property that is not real property.