55-187 - Resale in case of default.
§ 55-187. Resale in case of default.
If the purchaser does not pay the purchase money into the state treasurywithin a reasonable time, deposits, if any, are forfeited and the StateTreasurer may, in his discretion, rescind the contract and order a new sale.
(Code 1919, § 508; 1990, c. 938.)