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2018 Alaska Statutes
Title 9. Code of Civil Procedure
Chapter 45. Actions Relating to Real Property
Article 6. Partition.
Sec. 09.45.380. Application of proceeds from sale of encumbered property.
Universal Citation: AK Stat § 09.45.380 (2018)
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.
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