The state banks, already hampered by maladministration, were encumbered by huge quantities of real estate which had been taken over as compensation for unredeemed mortgages.
A homestead cannot be conveyed or encumbered without the consent of both husband and wife, if held by a married man; and a homestead, to the value of $500, is exempt from liability for debts postdating the purchase, unless for improvements on the property.
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