Section 6: Reserved bidding and bidding by shareholders.

The Partition Act, 1893Central Act · Act 4 of 1893

(1) Every sale under section 2 shall be subject to a reserved bidding, and the amount of such bidding shall be fixed by the court in such manner as it may think fit and may be varied from time to time.

(2) On any such sale any of the shareholders shall be at liberty to bid at the sale on such terms as to non-payment of deposit or as to setting off or accounting for the purchase-money or any part thereof instead of paying the same as to the court may seem reasonable.

(3) If two or more persons, of whom one is a shareholder in the property, respectively advance the same sum at any bidding at such sale, such bidding shall be deemed to be the bidding of the shareholder.

Where this provision sits

Act	The Partition Act, 1893
Section	6
Marginal note	Reserved bidding and bidding by shareholders.
Jurisdiction	Central
Status	In force as published by the source

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