440. Express, implied and statutory powers of sale.

(4)     Sale out of Court

(i)     Express, Implied and Statutory Powers of Sale

440.     Express, implied and statutory powers of sale.

So long as the equity of redemption remains vested in the mortgagor1, the mortgagee may not sell the property except under an express2 or implied power of sale3, or under a statutory power4, or with the mortgagor's concurrence5.