Section 11-1.4. Validity of execution of power to sell, mortgage or lease real  


Latest version.
  • property by less than all qualifying executors
        Any deed, mortgage or lease duly executed by one or more, but not all,
      of the executors or trustees who qualified conveys the  full  title  and
      interest of the testator, and is as effective as if all the executors or
      trustees  who  qualified  had  joined in the execution thereof, when ten
      years have elapsed since the recording of such deed, mortgage  or  lease
      in  the county where the property affected is situated; saving, however,
      the rights of every grantee, mortgagee or lessee, in good faith and  for
      a valuable consideration, deriving title under an instrument executed by
      all  the executors or trustees who qualified to the same property or any
      part thereof, whose deed, mortgage or lease is duly recorded before such
      period of ten years has elapsed.