Disposition of proceeds of sale of adjudicated property

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RS 2211 - Disposition of proceeds of sale of adjudicated property

Except as otherwise agreed by the holders of the statutory impositions and governmental liens, all proceeds from the sale of adjudicated property after deduction of the costs of the sale shall be paid pro rata to those holders, and any amount in excess of the costs, statutory impositions, and governmental liens shall be paid to the selling political subdivision.

Acts 2008, No. 819, §1, eff. Jan. 1, 2009.


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