262.16 - SATISFACTION OF MORTGAGES.

        262.16  SATISFACTION OF MORTGAGES.
         When loans are paid, the board shall release mortgages securing
      the same as follows:
         1.  By a satisfaction piece signed and acknowledged by the
      treasurer of the institution to which the loan belongs, which shall
      be recorded in the office of the recorder of the county where said
      mortgage is of record; or
         2.  By entering a satisfaction thereof on the margin of the record
      of said mortgage, dated, and signed by the treasurer of the
      institution to which the loan belongs.  
         Section History: Early Form
         [SS15, § 2682-t; C24, 27, 31, 35, 39, § 3928; C46, 50, 54, 58,
      62, 66, 71, 73, 75, 77, 79, 81, § 262.16]