262.16  SATISFACTION OF MORTGAGES.
 When loans are paid, the board shall release mortgages securing
 the same as follows:
 1.  By a satisfaction piece signed and acknowledged by the
 treasurer of the institution to which the loan belongs, which shall
 be recorded in the office of the recorder of the county where said
 mortgage is of record; or
 2.  By entering a satisfaction thereof on the margin of the record
 of said mortgage, dated, and signed by the treasurer of the
 institution to which the loan belongs.
         Section History: Early Form

 [SS15, § 2682-t; C24, 27, 31, 35, 39, § 3928; C46, 50, 54, 58,
 62, 66, 71, 73, 75, 77, 79, 81, § 262.16]