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

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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 anypartition case under this chapter, the sale shall vest in the purchaser anabsolute estate in fee simple in the lands, tenements, or hereditaments sosold, and the share or shares of the proceeds representing the share or sharesof the estate subject to reversion or remainder after deducting and payingtherefrom their proportional parts of the costs and expenses of partition, asdetermined by the court, shall be invested, under the order of the court, forthe benefit of the person interested, or who may become interested in theproceeds, in the same manner as is provided in case of unknown parties in§ 34-15-18.

State Codes and Statutes

Statutes > Rhode-island > Title-34 > Chapter-34-15 > 34-15-21

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 anypartition case under this chapter, the sale shall vest in the purchaser anabsolute estate in fee simple in the lands, tenements, or hereditaments sosold, and the share or shares of the proceeds representing the share or sharesof the estate subject to reversion or remainder after deducting and payingtherefrom their proportional parts of the costs and expenses of partition, asdetermined by the court, shall be invested, under the order of the court, forthe benefit of the person interested, or who may become interested in theproceeds, in the same manner as is provided in case of unknown parties in§ 34-15-18.

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State Codes and Statutes

Statutes > Rhode-island > Title-34 > Chapter-34-15 > 34-15-21

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 anypartition case under this chapter, the sale shall vest in the purchaser anabsolute estate in fee simple in the lands, tenements, or hereditaments sosold, and the share or shares of the proceeds representing the share or sharesof the estate subject to reversion or remainder after deducting and payingtherefrom their proportional parts of the costs and expenses of partition, asdetermined by the court, shall be invested, under the order of the court, forthe benefit of the person interested, or who may become interested in theproceeds, in the same manner as is provided in case of unknown parties in§ 34-15-18.