When the highest bid at the auction has been ascertained, the person who made that bid shall, on the requisition of the officer conducting the sale, pay to that officer a deposit of twenty-five per centum on the amount of his bid, and shall, on payment thereof, be declared to be the purchaser subject to the provisions of this Chapter with respect to the exercise of any right of pre-emption.
Section 91: Payment of deposit by highest bidder
The Himachal Pradesh Land Revenue Act, 1954State Act of Himachal Pradesh · Act 6 of 1954
Where this provision sits
| Act | The Himachal Pradesh Land Revenue Act, 1954 |
|---|---|
| Section | 91 |
| Marginal note | Payment of deposit by highest bidder |
| Jurisdiction | State of Himachal Pradesh |
| Status | In force as published by the source |
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