§ 12-405. Power of authority to vest rights in obligee

Latest version.

   This subtitle does not limit the power of an authority to vest in an obligee the right, if the authority defaults, to:

   (1) take possession of a housing project;

   (2) have a receiver of a housing project appointed; or

   (3) acquire title to a housing project, through foreclosure or otherwise, free from all restrictions of this subtitle.

HISTORY: An. Code 1957, art. 44A, § 1-403; 2006, ch. 63, § 2.

                    
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