Massachusetts General Laws ch. 204 sec. 6 – Mortgage given under license of court; contents
Current as of: 2023 | Check for updates
|
Other versions
Section 6. A mortgage given by an executor, administrator, guardian, conservator or trustee under license of court may contain a power of sale, and every such mortgage shall state that it is made under license of court and the date of such license.
Terms Used In Massachusetts General Laws ch. 204 sec. 6
- Executor: A male person named in a will to carry out the decedent
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Trustee: A person or institution holding and administering property in trust.