TITLE 45

LIENS, MORTGAGES AND PLEDGES

CHAPTER 9

MORTGAGES IN GENERAL

45-901.  Mortgage defined. Mortgage is a contract excepting a trust deed or transfer in trust by which specific property is hypothecated for the performance of an act without the necessity of a change of possession.

History:

[(45-901) R.S., sec. 3350; reen. R.C. & C.L., sec. 3388; C.S., sec. 6355; I.C.A., sec. 44-801; am. 1957, ch. 181, sec. 16, p. 345.]