The party who objects to a sale under a decree because of the inadequacy of the bid, or any person interested therein, may prevent the confirmation thereof by entering into a bond in a penalty equal to double the amount of the bid, with sufficient sureties, to be approved by the court or clerk, payable to the opposite party, conditioned to pay all costs of a resale, and that the property shall bring thereat an advance of not less than twenty per centum upon the bid, exclusive of the cost of resale.
Miss. Code Ann. § 11-5-109
Bond to prevent confirmation
Applied in 2 court decisions — leading case 893 So. 2d 1054 - Hataway v. Nicholls (2005)
Most recently applied in 893 So. 2d 1054 - Hataway v. Nicholls (February 2005)
Codes, 1892, § 600; 1906, § 650; Hemingway’s 1917, § 412; 1930, § 465; 1942, § 1385; Laws, 1884, p. 71.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.