Rhode Island General Laws 34-26-6. Other forms of discharge or release preserved
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Nothing contained in this chapter shall be so construed as to defeat, invalidate, annul, or render ineffectual any other legal or equitable discharge, payment, satisfaction, or release of any mortgage.
History of Section.
G.L. 1896, ch. 207, § 9; G.L. 1909, ch. 258, § 9; G.L. 1923, ch. 302, § 9; G.L. 1938, ch. 442, § 9; G.L. 1956, § 34-26-6.
Terms Used In Rhode Island General Laws 34-26-6
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.