All deeds made and executed prior to January 1, 1940, by trustees conveying property
sold under deeds of trust in which default was made in the debt secured and as to
which irregularities in advertising such sales have occurred shall be held and the
same are hereby declared valid in all respects, if otherwise valid according to law
then in force, after the expiration of 15 years from the date on which such sale was
made by such trustees.
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