O.C.G.A.
O.C.G.A. § 44-14-81 (2019)
When power of sale barred
✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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Powers of sale in the conveyances of real property to secure debt shall not be exercised after an action to foreclose the instrument is barred. A sale or conveyance under power in such instrument after an action to foreclose the instrument is barred shall be absolutely void and not merely voidable.
History
Ga. L. 1941, p. 487, § 3.
Annotations
Cross references. Exercise of powers of appointment and sale, § 23-2-114 et seq.
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2021–2021 · leading case: Freeport Title & Guar. v. SummitBridge Nat'l Investments V, LLC (Bankr. N.D. Ga. 2021).
Freeport Title & Guar. v. SummitBridge Nat'l Investments V, LLC (Bankr. N.D. Ga. 2021). “See O.C.G.A. §§ 44-14-81 (Bar of exercise of powers of sale), -82 (Bar of suit to recover property), & -83 (Suits to foreclose or to recover property barred after reversion of title).”
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