§ 2932.5
69 words·~1 min read·
/ca/civil-code/2932-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Where a power to sell real property is given to a mortgagee, or other encumbrancer, in an instrument intended to secure the payment of money, the power is part of the security and vests in any person who by assignment becomes entitled to payment of the money secured by the instrument. The power of sale may be exercised by the assignee if the assignment is duly acknowledged and recorded.