§ 486. Holder of mortgage may purchase land
Oklahoma Statutes AnnotatedTitle 58. Probate Procedure
58 Okl.St.Ann. § 486
§ 486. Holder of mortgage may purchase land
At any sale under order of the district court, of lands upon which there is a mortgage or lien, the holder thereof may become the purchaser, and his receipt for the amount due him from the proceeds of the sale is a payment pro tanto. If the amount for which he purchased the property is insufficient to defray the expenses and discharge his mortgage or lien, he must pay to the judge an amount sufficient to pay such expenses.
Credits
R.L.1910, § 6403.
58 Okl. St. Ann. § 486, OK ST T. 58 § 486
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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