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2021 Utah Code
Title 78B - Judicial Code
Chapter 6 - Particular Proceedings
Part 12 - Partition
Section 1220 - Proceeds of sale of encumbered property -- Disposition of.
Universal Citation: UT Code § 78B-6-1220 (2021)
78B-6-1220. Proceeds of sale of encumbered property -- Disposition of.
The proceeds of the sale of encumbered property shall be applied under the direction of the court, as follows:
Renumbered and Amended by Chapter 3, 2008 General Session
The proceeds of the sale of encumbered property shall be applied under the direction of the court, as follows:
- (1) to pay its just proportion of the general costs of the action;
- (2) to pay the costs of the reference;
- (3) to satisfy and cancel all recorded liens in their order of priority, by payment of the sums due and to become due; the amount due to be verified by affidavit at the time of payment;
- (4) the residue among the owners of the property sold according to their respective shares therein.
Renumbered and Amended by Chapter 3, 2008 General Session
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