57-1-34. Sale of trust property by trustee -- Foreclosure of trust deed -- Limitation of actions.
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Effective 5/10/2016
57-1-34. Sale of trust property by trustee -- Foreclosure of trust deed -- Limitation of actions.
A person shall, within the period prescribed by law for the commencement of an action on an obligation secured by a trust deed:
(1)commence an action to foreclose the trust deed; or
(2)file for record a notice of default under Section 57-1-24 .
Amended by Chapter 305 , 2016 General Session