Connecticut General Statutes (Last Updated: November 2, 2019) |
Volume 5. |
Title 16. Public Service Companies |
Chapter 282. Railroad and Railway Bonds and Mortgages |
Sec. 16-224. Prior encumbrancers not affected.
Latest version.
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Nothing in sections 16-219 to 16-223, inclusive, shall affect any mortgage, trust or lien upon the property foreclosed, which was created prior to the mortgage, trust or lien, under which such trustee may act; but the trustees for all such prior encumbrancers may proceed, by foreclosure or otherwise, notwithstanding any act or proceedings by subsequent encumbrancers or their trustees.
(1949 Rev., S. 5635.)