§5174. Extension of redemption time after foreclosure commenced
56 words·~1 min read·
/me/title-23-transportation/chapter-605-management-and-operation/5174·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The persons interested in a prior mortgage on which a foreclosure is commenced, at a meeting called for the purpose, may extend the time of redemption. Thereupon the trustees of the mortgage, by a suitable writing, delivered to the party entitled to redeem, shall extend the time accordingly. [PL 1987, c. 141, Pt. A, §4 (NEW).]