§ 39.240 — Lien claimant holding other securities may be required to exhaust them first

Whenever any party to an action who holds a lien upon the property, or any part thereof, has other securities for the payment of the amount of such lien, the court may, in its discretion, order such securities to be exhausted before a distribution of the proceeds of sale, or may order a just deduction to be made from the amount of the lien on the property on account thereof.

Legislative History

[1911 CPA § 608; RL § 5550; NCL § 9097]