Section 2

Act 197 of 1935, § 2, under OBLIGORS OR GUARANTORS OF BONDS AND MORTGAGES.

Act 197 of 1935, § 2

Section 2. Whenever any real property is sold, on or before June thirtieth, one thousand nine hundred and thirty-seven, on any execution on the foreclosure of any mortgage, or on a judgment entered on any obligations secured by mortgage, and the sum, for which such property was sold, is not sufficient to satisfy the debt, interest and costs, including taxes, the plaintiff or use plaintiff shall, within six months after such sale, petition the court out of which such execution issued to fix the fair value of the property sold at the time of such sale.