33-2-535. Valuation of purchase money mortgages. Purchase money mortgages on real property referred to in 33-2-534(1) shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or 90% of the fair value of such real property, whichever is less.

     History: En. Sec. 97, Ch. 286, L. 1959; R.C.M. 1947, 40-3016.