Section 09.45.570. Security taken in names of parties when interests ascertained.

Latest version.

When security is taken on a sale and the parties interested in the security agree on the shares and proportions to which they are respectively entitled, or when shares and proportions have been previously adjudged by the court, the securities shall be taken in the names of and payable to the parties respectively entitled to them, and shall be delivered to the parties.

Notes

History

(Sec. 22.32 ch 101 SLA 1962)

                    
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