1. If the purchaser has taken possession of the subject matter of the sale and then dies bankrupt or insolvent before paying the price, the seller may not demand the return of the subject matter of the sale, and the price becomes a debt upon the estate, with the seller being pari passu with the other creditors. 2. If the purchaser dies bankrupt or insolvent before taking possession of the subject matter of the sale and paying the price, the seller has the right to retain the subject matter of the sale until the price is recovered from the purchaser's estate, and shall have priority over other creditors. 3. If the seller takes possession of the price and dies bankrupt or insolvent before delivering the subject matter of the sale, it shall be deemed a trust in their possession, and the purchaser shall have priority thereto over the other creditors.
Interpretation and application must be checked against the official text and current version.