Article 440 — Deposit by purchaser and re-sale on default

(1) On every sale of immovable property the person declared to be the purchaser shall pay immediately after such declaration a depo- sit of twenty-five per cent. on the amount of his purchase-money to the auctioneer. (2) Where the decree-holder is the purchaser and is entitled to set off the purchase-money under Art. 430 (2) the court may dispense with the requirements of sub-art. (1). CIVIL PROCEDURE CODE 147