Section 65.12.700. When fund not liable—Maximum liability.

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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.]

1907 c 250 § 86; RRS § 10715.

                    
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