§ 33-9-13 - Redemption of mortgaged property from executor or administrator. - Rhode Island Statutes

SECTION 33-9-13

   § 33-9-13  Redemption of mortgaged propertyfrom executor or administrator. – After surrender or recovery of possession of real estate mortgaged as providedin § 33-9-11, and before sale as provided in § 33-9-12, or in casethe testator or intestate die possessed of any real estate mortgaged to him orher which may be redeemed, if the mortgagor, his or her heirs, executors,administrators, or assigns shall, within the time limited for redemption,redeem the mortgaged premises, the executor or administrator shall be entitledto receive the redemption money, and shall hold the money as personal property,and shall thereupon release and discharge the mortgaged premises by release,quitclaim, or other legal conveyance.