Code of Organization and Civil Procedure (Cap. 12)
Code of Organization and Civil Procedure (Cap. 12), article 329
329. (1) In default of such payment into court, the purchaser
shall, upon the demand by application of the party at whose suit or
against whom the execution was granted, be liable to personal
arrest.
Fresh sale by
auction at the
expense and risk of
defaulting
purchaser.
(2) Moreover, in such case, the property adjudicated may, upon
a demand by means of an application made by the party at whose
suit or against whom the execution was granted, be again put up for
auction at the expense of the purchaser; in which case, if the bids
be lower, such purchaser shall be responsible for the difference;
and if the bids be higher, the difference shall go in favour of the
debtor, saving any right thereon of the execution creditor.
Decree to be
served on
purchaser.
(3) The decree made on the said application shall be served on
the purchaser.
Lodging of
purchase money of
movable property.
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