4630: Difference between revisions
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'''<span id="4630">4630.</span>''' Real property acquired by a conveyance containing the foregoing trust clause in [[4610]] may be mortgaged or otherwise encumbered in conformity with the provisions of The Discipline, and when such provisions have been complied with, the foregoing trust clause shall be subordinated to the mortgage lien ( | '''<span id="4630">4630.</span>''' Real property acquired by a conveyance containing the foregoing trust clause in [[4610]] may be mortgaged or otherwise encumbered in conformity with the provisions of ''The Discipline'', and when such provisions have been complied with, the foregoing trust clause shall be subordinated to the mortgage lien ([[4690:2]]). | ||
Latest revision as of 01:17, 14 November 2022
4630. Real property acquired by a conveyance containing the foregoing trust clause in 4610 may be mortgaged or otherwise encumbered in conformity with the provisions of The Discipline, and when such provisions have been complied with, the foregoing trust clause shall be subordinated to the mortgage lien (4690:2).