If the owner of two or more properties mortgages them to one person and then mortgages one or more of the properties to another person, the subsequent mortgage is, in the absence of a contract to the contrary, entitled to have the prior mortgage-debt satisfied out of the property or properties not mortgaged to him, so far as the same will extend, but not so as to prejudice the rights of the prior mortgagee or of any other person who has for consideration acquired an interest in any of the properties.
Explanatory Video on Section – 81. Marshalling securities
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Section – 81. Marshalling securities -. Bare Act of The Transfer of Property Act 1882 on JurisCrack with Case Laws and Video lecture
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