27: The sum depos- ited by pre- cmptor not to be attached

(1) Where in the case of a sale the parties are not agreed to the price at which the pre-emptor shall exercise his right of pre-emption the Court shall determine whether the price at which the sale purports to have taken place has been fixed in good faith or paid, and if it finds that the price was not so fixed or paid, it shall fix the market value of the property as the price to be paid by the pre-emptor. (2) If the Court finds that the price was fixed in good faith or paid, it shall fix such price to be paid by the pre-emptor.

Effective date: 1987-04-28

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