Sec. 40.17.100. Recording a reconveyance.
51 words·~1 min read·
/ak/title-40/chapter-17/40-17-100A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 40.17.100. Recording a reconveyance.
When the parties to a recorded conveyance absolute in its terms intend it to serve only as security for repayment of a debt, the conveyance is absolute as to all persons who rely upon it in good faith and for value before a reconveyance is recorded.