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1994 SESSION

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HB 635 Deeds of trust.

Introduced by: Thomas M. Jackson, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Deeds of trust. Provides that when an instrument appointing a substitute trustee has been executed by the party secured by a deed of trust or the holders of more than 50% of the obligations secured by a deed of trust, the substitute trustee may excercise any power, duty or authority granted under the original deed of trust, but in order to record any instrument excercising a power conferred, the instrument appointing the subsitute trustee must first be recorded.


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