Alaska Statutes (Last Updated: January 11, 2017) |
Title 09. CODE OF CIVIL PROCEDURE. |
Chapter 09.45. ACTIONS RELATING TO REAL PROPERTY. |
Article 09.45.06. PARTITION. |
Section 09.45.390. Lienholder having other securities.
Latest version.
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When a party to an action or a person who holds a lien upon the property or a part of it has other securities for the payment of the amount of the lien, the court may order the securities to be exhausted before a distribution of the proceeds of sale, or may order a just deduction to be made from the amount of the lien on the property on that account.
Notes
History
(Sec. 22.14 ch 101 SLA 1962)