Minnesota Statutes 558.16 – Proceeds, How Applied
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The proceeds of the sale of the property shall be applied under the direction of the court as follows:
Terms Used In Minnesota Statutes 558.16
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- verified: when used in reference to writings, means supported by oath or affirmation. See Minnesota Statutes 645.45
(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, if any, in their order of priority, by payment of the sums due and to become due; the amount remaining 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.