California Code of Civil Procedure 727 – If there be surplus money remaining, after payment of the amount due …
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If there be surplus money remaining, after payment of the amount due on the mortgage, lien, or incumbrance, with costs, the Court may cause the same to be paid to the person entitled to it, and in the meantime may direct it to be deposited in Court.
(Enacted 1872.)
Terms Used In California Code of Civil Procedure 727
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: includes a corporation as well as a natural person. See California Code of Civil Procedure 17