Section 50: Remedy after sale of property

50. Remedy after sale of property (1) Where— (a) the sale and adjudication of the property has taken place under section 25 before the action in cancellation has been heard and determined; or (b) a holder of a vendor’s privilege, on being duly served with the notice specified in section 23, has neglected to exercise his resolutory right prior to the adjudication of the property, the adjudicatee shall not be affected by any resolutely action in respect of the vendor’s right. (2) Where the holder of a vendor’s privilege has neglected to exercise his resolutory right, he shall be debarred from any remedy as regards the adjudicatee, except that he may produce his claim for collocation at the distribution by way of ordre of the sale price of the property.