Del. R. Ch. Ct. 159
As amended through November 14, 2024
Whenever the person holding a lien for money due from the corporation on property sold by a receiver, or on a particular part thereof, becomes the purchaser of the property covered by the lien, and the validity, priority and amount thereof have been duly determined by the Court, then the Court may by order permit the purchaser to credit the amount of the purchase price, or part thereof, on the debt due the purchaser under the lien, if the price be less than the whole debt, and if the price be more than the whole debt, the purchaser shall be required to pay only the excess of the purchase price over the debt.
Del. R. Ch. Ct. 159