AN ACT to amend Chapter 92 of the Revised Code of the State of Delaware in relation to the Satisfaction of Mortgages. Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
SECTION 1. That Chapter 92 of the Revised Code be and the same is hereby amended by repealing 3228, Section 32 of said Chapter, and substituting in lieu thereof a new section to be known as 3228, Section 32, as follows :
3228, Section 32. Satisfaction of Mortgages : Within What Time ; How Entered ; By Whom: Whenever the debt or duty secured by a mortgage or conveyance in the nature of a mortgage is satisfied or performed, the legal holder of such mortgage or conveyance at the time of the satisfaction When or performance completed, shall, within sixty days after satisfaction or performance completed, cause an entry of such satisfaction or performance to be made upon the record of such mortgage or conveyance. Such entry shall be signed by the holder of such mortgage or conveyance, or his Attorney duly constituted; or, when a corporation is the holder, by the Cashier or Assistant Cashier, or Treasurer or Assistant Treasurer, or the Attorney of said corporation duly constituted, and attested by the Recorder.
Approved April 8, 1931.