New York § 923 Security for credit on sale

New York Statutes

§ 923 — Security for credit on sale

New York § 923

Law RPAReal Property Actions & Proceedings

Art. 9Action For Partition

This text of New York § 923 (Security for credit on sale) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Real Property Actions & Proceedings § 923 (2026).

Text

  § 923. Security for credit on sale. The portion of the purchase-money\nfor which credit is allowed in the interlocutory judgment shall be\nsecured at interest by a mortgage upon the property sold, with a bond of\nthe purchaser; and by such additional security, if any, as the court\nprescribes. The officer making the sale may take separate mortgages and\nother securities in the name of the county treasurer of the county in\nwhich the property is situated for such convenient portions of the\npurchase-money as are directed by the court to be invested; and in the\nname of the owner, for the share of any known owner of full age who\ndesires to have it invested.\n

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§ 923. Security for credit on sale. The portion of the purchase-money\nfor which credit is allowed in the interlocutory judgment shall be\nsecured at interest by a mortgage upon the property sold, with a bond of\nthe purchaser; and by such additional security, if any, as the court\nprescribes. The officer making the sale may take separate mortgages and\nother securities in the name of the county treasurer of the county in\nwhich the property is situated for such convenient portions of the\npurchase-money as are directed by the court to be invested; and in the\nname of the owner, for the share of any known owner of full age who\ndesires to have it invested.\n