Title 78B Chapter 6 Section 1226

Judicial Code
Particular Proceedings
Section 1226
Security for payment.

            

78B-6-1226.   Security for payment.

            The referees may take separate mortgages and other securities;

            (1) for the whole or convenient portions of the purchase money;

            (2) on any part of the property directed by the court to be sold on credit;

            (3) for the shares of any known owner of full age, in the name of the owner;

            (4) for the shares of a minor, in the name of the guardian of the minor; and

            (5) for other shares, in the name of the clerk of the court and his successors in office.


Renumbered and Amended by Chapter 3, 2008 General Session