If the property to be sold or foreclosed is a proprietary or under-proprietary tenure, or a share of such a tenure, the right to buy or redeem such property belongs, in the absence of a custom to the contrary,-
1st, to co-sharers of the sub-division (if any) of the tenure in which the property is comprised, in order of their relationship to the vendor or mortgagor;
2ndly, to co-sharers of the whole mahal in the same order;
thirdly, to any member of the village-community; and
fourthly, if the property be an under proprietary tenure, to the proprietor.
Where two or more persons are equally entitled to such right' the person to exercise the same shall be determined by lot.