New York § 151 - 151Mortgagee may purchase at foreclosure sale
Full text of New York New York Consolidated Laws § 151 — 151Mortgagee may purchase at foreclosure sale, with citation guidance and answers to common questions.
§ 151. 151Mortgagee may purchase at foreclosure sale
§ 151. Mortgagee may purchase at foreclosure sale. Any mortgagee of the property and franchises of any railroad corporation may become the purchaser of the same at any sale thereof under the mortgage, upon foreclosure by advertisement, or under a judgment, or decree, or otherwise, and hold and use the same, with all the rights and privileges belonging thereto or connected therewith for the period of six months, and convey the same to any railroad corporation.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 151
What does New York Consolidated Laws § 151 cover?
Section 151 ("151Mortgagee may purchase at foreclosure sale") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 151?
A common citation format is "New York Consolidated Laws § 151" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 151 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.