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A Dictionary of Law · William C. Anderson · 1889

A Dictionary of Law

5 Where the co-heirs or co-proprietors of a thing by undivided interest put it up at auction among themselves, that it may become the property of the one who will offer the most for it. The thing remains charged with unpaid shares.' Where there is disagreement between the owners of a vessel, there may be " licitation " and partition for a moiety by order of' a court. The petition prays for a sale, and distribution of the proceeds. The proceeding is justified by the necessity, in. the interests of commerce, and the relief of the parties, when they have reached a present actual inability to use the vessel.'