Referees may Take Securities for Purchase Money

The referees may take separate mortgages and other securities for the whole, or convenient portions of the purchase money, of such parts of the property as are directed by the court to be sold on credit, for the shares of any known owner or full age, in the name of such owner; and for the shares of an infant, in the name of the guardian of such infant; and for other shares, in the name of the Director of Administration. SOURCE: CCP § 777; Director of Finance changed to Director of Administration pursuant to P.L. 9-239.