2780. A creditor required to sell shall proceed to do so unless he prefers to pay the later ranking creditors who registered the notice, or, if the notice was registered by the debtor, unless the court authorizes the creditor to take the property in payment on such conditions as it determines.
If the creditor does not act, the court may allow the person who registered the notice requiring the sale, or any other person designated by him, to proceed with it.
1991, c. 64, a. 2780; I.N. 2014-05-01.