21-23-11. Cash sale at public auction--Terms and security when deferred payments permitted.
59 words·~1 min read·
/sd/title-21/chapter-21-23/21-23-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless for good cause the court orders otherwise, all sales of property shall be at public auction for cash. If any portion of the purchase price is to be upon deferred payments, the order of the court shall require adequate security and shall fix the time within which payments are to be made and prescribe the rate of interest.