Section 41: Sale price distributed by notary
consolidated text (as at 2011). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
41. Sale price distributed by notary
(1) Where immovable property forming part of a small succession is sold
before the Master, no distribution of the sale price shall take place before the
Master if a notary has been appointed, but the sale price, even where there
are creditors inscribed on the property, shall be distributed by the notary as
part of the assets of the succession, after notice to the inscribed creditors
under section 52.
S45 – 9 [Issue 7]
Succession and Wills Act
(2) Where the amount of the inscriptions exceeds the sale price, or
conflicting claims have to be adjudicated upon, the notary shall certify to the
fact, and it shall then be competent for an interested party to take
proceedings for the distribution of the price before the Master, in conformity
with the Sale of Immovable Property Act, and the price shall not be deemed
part of the assets for the purpose of fixing the notary’s fees.
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Questions this section answers
- Who distributes the sale price when land from a small succession is sold before the Master?