Sale of Property Subject to Lien; Order of Application to Payment

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Where property is subject to a lien and part of it is sold by the debtor, the part remaining shall be first applied to the payment of the lien. If the property subject to the lien is sold in several parcels at different times, the parcels shall be charged in the inverse order of their alienation.

(Civil Code 1895, § 5424; Civil Code 1910, § 6029; Code 1933, § 39-118.)

RESEARCH REFERENCES

ALR.

- Right of purchaser at judicial sale made subject to a purported lien to question validity thereof, 75 A.L.R. 1370; 171 A.L.R. 302.


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