11-5-97 - Lien on land sold on credit.
§ 11-5-97. Lien on land sold on credit.
All land sold under decree of the chancery court shall be held liable and subject to a lien for the unpaid purchase money therefor as if a mortgage had been executed by the purchaser and duly recorded; and said lien shall exist until actual payment of the purchase money, or until, by order of the court or chancellor, the same shall be discharged.
Sources: Codes, 1871, § 1150; 1880, § 2048; 1892, § 602; 1906, § 652; Hemingway's 1917, § 414; 1930, § 459; 1942, § 1379.