Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 16-66-414 - Default of bidder — Arkansas Law | CourtGPT
  1. Home/
  2. Laws/
  3. Arkansas/
  4. Title 16 - Practice, Procedure, and Courts (§§ 16-1-101 — 16-131-206)/
  5. Subtitle 5 - Civil Procedure Generally/
  6. Chapter 66 - Execution of Judgments Sub/
  7. Subchapter 4 - Levy and Sale/
  8. Section 16-66-414 - Default of bidder
Arkansas Legal Code

Section 16-66-414 - Default of bidder

Ask AI about this
(a) If any person refuses to pay the amount bid for any property struck off to him or her, the officer making the sale may again sell the property to the highest bidder. If any loss is occasioned, the officer may recover the loss by motion before any court or justice of the peace, if the amount of the loss does not exceed his or her jurisdiction.(b) The court or justice shall proceed in a summary manner and give judgment and award execution therefor forthwith.(c) The same proceedings may be had against any subsequent purchaser who refuses to pay. The officer may forever thereafter refuse the bid of the person refusing to pay for property purchased by him or her.Rev. Stat., ch. 60, §§ 49, 50; C. & M. Dig., §§ 4320, 4321; Pope's Dig., §§ 5332, 5333; A.S.A. 1947, §§ 30-428, 30-429.