SECTION 34-15-21

§ 34-15-21. Title vested by sale – Investment for benefit of reversioner or remainderman.

In the event of partition, by sale and division of the proceeds in any partition case under this chapter, the sale shall vest in the purchaser an absolute estate in fee simple in the lands, tenements, or hereditaments so sold, and the share or shares of the proceeds representing the share or shares of the estate subject to reversion or remainder after deducting and paying therefrom their proportional parts of the costs and expenses of partition, as determined by the court, shall be invested, under the order of the court, for the benefit of the person interested, or who may become interested in the proceeds, in the same manner as is provided in case of unknown parties in § 34-15-18.

History of Section.
(G.L. 1896, ch. 265, § 21; G.L. 1909, ch. 330, § 21; G.L. 1923, ch. 381, § 21; G.L. 1938, ch. 586, § 21; G.L. 1956, § 34-15-21.)