TITLE XXVII CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
CHAPTER 299 CORPORATE MORTGAGES AND REORGANIZATION AFTER FORECLOSURE
Reorganization of Corporations After Foreclosure
Section 299:5
299:5 Conveyance by Trustee. –
The trustee under such mortgage may, by auction sale, convey to said purchaser or to said new corporation all the right, title and interest under the mortgage and by virtue of the foreclosure thereof, and thereupon said trustees shall be discharged.