Purchasers at judicial sales need not tender cash but, as an alternative, may tender a cashier's or certified check which is drawn for the amount of the purchase price and which is issued by or certified by any financial institution insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation.
(Ga. L. 1976, p. 367, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 47 Am. Jur. 2d, Judicial Sales, § 131 et seq.
C.J.S.- 50A C.J.S., Judicial Sales, § 59 et seq.
ALR.
- Conditional bid at judicial or execution sale, 104 A.L.R. 632.
Propriety of accepting check or promissory note in satisfaction of bid at execution or judicial sale had for cash, 86 A.L.R.2d 292.