California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 10.5 — Partition of Real and Personal Property, Chapter 6 — Sale of the Property, Article 3 — Consummation of Sale, Section 873.770
Where the purchaser is a party or lienholder entitled to a share of the proceeds of sale, the referee may:
(a) Take the purchaser’s receipt for so much of the proceeds of sale as belongs to the purchaser.
(b) Take security, or other arrangement satisfactory to the referee, for payment of amounts which are or may become due from the purchaser on account of the expenses of sale, general costs of the action, and costs of the reference.
Notes
Allows the referee, when the purchaser is a party or lienholder entitled to sale proceeds, to accept the purchaser’s receipt for the portion belonging to that purchaser. Also allows the referee to take satisfactory security or another arrangement for amounts due or potentially due for sale expenses, action costs, and reference costs.
Use as reference
Lexinter.net | California Code, Code of Civil Procedure - CCP § 873.770 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-10-5/chapter-6/article-3/section-873-770