Section 09.45.380. Application of proceeds from sale of encumbered property.

The proceeds of the sale of the encumbered property shall be applied under the direction of the court as follows:
        (1) to pay its just proportion of the general cost of the action;
        (2) to pay the costs of the reference;
        (3) to satisfy the several liens in their order of priority by payment of the sums due and to become due;
        (4) the residue among the owners of the property sold according to their respective shares, as found by the court.

Notes

History

(Sec. 22.13 ch 101 SLA 1962)