Montana § 70-29-321 Priorities For Application Of Proceeds

Montana Statutes

§ 70-29-321 — Priorities For Application Of Proceeds

Montana § 70-29-321

Title 70PROPERTY

Ch. 29PARTITION OF REAL PROPERTY

Part 3Sale and Disposition of Proceeds

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Bluebook

Mont. Code Ann. § 70-29-321 (2026).

Text

70-29-321 . Priorities for application of proceeds. The proceeds of the sale of encumbered property must be applied under the direction of the court as follows:

(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 in their order of priority by payment of the sums due and to become due, the amount 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 therein.

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70-29-321 . Priorities for application of proceeds. The proceeds of the sale of encumbered property must be applied under the direction of the court as follows:
(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 in their order of priority by payment of the sums due and to become due, the amount 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 therein.

Legislative History

En. Sec. 511, p. 144, Bannack Stat.; re-en. Sec. 283, p. 193, L. 1867; re-en. Sec. 332, p. 100, Cod. Stat. 1871; re-en. Sec. 383, p. 145, L. 1877; re-en. Sec. 383, 1st Div. Rev. Stat. 1879; re-en. Sec. 396, 1st Div. Comp. Stat. 1887; re-en. Sec. 1366, C. Civ. Proc. 1895; re-en. Sec. 6909, Rev. C. 1907; re-en. Sec. 9542, R.C.M. 1921; Cal. C. Civ. Proc. Sec. 771; re-en. Sec. 9542, R.C.M. 1935; R.C.M. 1947, 93-6327.