Section 201: Price fixed by sale
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
201. Price fixed by sale
Where an immovable property is sold by public auction before the Master,
the final price of adjudication shall be deemed to be the final and definitive
value of the property, and the adjudicatee shall be freed from all privileged
and mortgage claims by paying the adjudicated price in accordance with law.
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Questions this section answers
- Does buying a property at a Master's auction free me from existing privileged and mortgage claims once I pay the price?