§ 65.12.700. When fund not liable -- Maximum liability
The assurance fund shall not be liable in any action to pay for any loss, damage or deprivation occasioned by a breach of trust, whether expressed, implied, or constructive, by any registered owner who is a trustee, or by the improper exercise of any power of sale, in a mortgage or a trust deed. Final judgment shall not be entered against the county treasurer in any action against this chapter to recover from the assurance fund for more than a fair market value of the real estate at the time of the last payment to the assurance fund, on account of the same real estate.
[1907 c 250 § 86; RRS § 10715.]
Sections: Previous 65.12.635 65.12.640 65.12.650 65.12.660 65.12.670 65.12.680 65.12.690 65.12.700 65.12.710 65.12.720 65.12.730 65.12.740 65.12.750 65.12.760 65.12.770 NextLast modified: April 7, 2009