§55-12-4. Report of sale.
The said special commissioner or special receiver shall, after
the last payment required by said decree of sale or decree
confirming said sale is made, make report to the court in writing,
at the next term of the court thereafter, showing how the proceeds
of said sale have been applied by him; which report shall be
approved and entered of record in the chancery order book and filed
with the papers in the cause. If from any cause said report
showing a final settlement cannot be made within the time
aforesaid, the court may enter an order extending the time for a
final report to be made. If said commissioner or special receiver
fail to make such report, as aforesaid, he shall be deemed guilty
of a misdemeanor and, upon conviction thereof, shall be fined not
less than fifty nor more than five hundred dollars.