When a party entitled to a share of the property, or an encumbrancer entitled to have the lien of the encumbrancer paid out of the sale, becomes a purchaser, the referees may take a receipt for so much of the proceeds of the sale as belongs to the party or the encumbrancer.

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Terms Used In Oregon Statutes 105.365

  • Lien: A claim against real or personal property in satisfaction of a debt.