California Code of Civil Procedure 1208.67 – The proceeds of the sale must be applied to the discharge of the lien …
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The proceeds of the sale must be applied to the discharge of the lien and the cost of keeping and selling the property. The remainder, if any, shall be paid to the legal owner.
(Added by Stats. 1953, Ch. 52.)
Terms Used In California Code of Civil Procedure 1208.67
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: includes both personal and real property. See California Code of Civil Procedure 17
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.