21-45-37. Security taken by referees delivered to parties for agreed or adjudicated shares--Filing of agreement and receipt.
When security is taken by the referees on a sale and the parties interested in such security, by an instrument in writing, under their hands, delivered to the referees, agree upon the shares and proportions to which they are respectively entitled, or when shares and proportions have been previously adjudged by the court, such securities must be taken in the names of and payable to the parties respectively entitled thereto, and must be delivered to such parties upon their receipts therefor. Such agreement and receipt must be returned and filed with the clerk.
Source: CCivP 1877, §586; CL 1887, §5400; RCCivP 1903, §625; RC 1919, §2836; SDC 1939 & Supp 1960, §37.1433.