Same—Deferred purchase price to be secured by lien or deed of trust.
Memphis Charter, art. 81, § 954
in effectSec. 954. - Same—Deferred purchase price to be secured by lien or deed of trust.
In the event such vacant or unused real estate shall be sold upon credit terms, the deferred payments for the purchase money shall be secured by a lien or deed of trust upon the property so sold.
(Priv. Acts 1919, ch. 335, § 3)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/charter?nodeId=PTICHRELA_ART81CHBOEDMESC_DIVIINGE_S954SAEFPUPRBESELIDETRFetched: 10/28/2026
