Arkansas § 18-50-109 Disposition of proceeds of sale

Arkansas Statutes

§ 18-50-109 — Disposition of proceeds of sale

Arkansas § 18-50-109

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This text of Arkansas § 18-50-109 (Disposition of proceeds of sale) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 18-50-109 (2026).

Text

The trustee or mortgagee shall apply the proceeds of the sale as follows:

(1)To the expenses of the sale, including compensation of the trustee or mortgagee and a reasonable fee by the attorney;

(2)To the indebtedness owed;

(3)To all persons having recorded liens subsequent to the interest of the trustee or mortgagee as their interests may appear in the order of the priority; and (4) The surplus, if any, to the grantor of the trust deed or to the successor in interest of the grantor entitled to the surplus.

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The trustee or mortgagee shall apply the proceeds of the sale as follows: (1) To the expenses of the sale, including compensation of the trustee or mortgagee and a reasonable fee by the attorney; (2) To the indebtedness owed; (3) To all persons having recorded liens subsequent to the interest of the trustee or mortgagee as their interests may appear in the order of the priority; and (4) The surplus, if any, to the grantor of the trust deed or to the successor in interest of the grantor entitled to the surplus.