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Current as of January 01, 2024 | Updated by Findlaw Staff
The proceeds of the sale of encumbered property must 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 of record the several 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.
Cite this article: FindLaw.com - Montana Title 70. Property § 70-29-321. Priorities for application of proceeds - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-70-property/mt-st-70-29-321/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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