Proceeding if party entitled to share or lienholder becomes purchaser.

When a party entitled to a share of the property, or an encumbrancer entitled to have the encumbrancer’s lien paid out of the sale, becomes a purchaser, the master or the court may take the purchaser’s receipt for so much of the proceeds of the sale as belongs to the purchaser. [1911 CPA § 622; RL § 5564; NCL § 9111]—(NRS A 1985, 774)