New York § 961 Disposition of proceeds of sale

New York Statutes

§ 961 — Disposition of proceeds of sale

New York § 961

Law RPAReal Property Actions & Proceedings

Art. 9Action For Partition

This text of New York § 961 (Disposition of proceeds of sale) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Real Property Actions & Proceedings § 961 (2026).

Text

  § 961. Disposition of proceeds of sale. The proceeds of a sale, after\ndeducting the costs and expenses chargeable against them shall be\nimmediately awarded as directed by the final judgment, to the parties\nwhose rights and interests have been sold, in proportion thereto. The\nsum chargeable upon any share to satisfy a lien thereon shall be paid to\nthe creditor, or retained, subject to the order of the court; and the\nremainder except as otherwise prescribed in this article, shall be paid\nby the officer making the sale, to the party owning the share or his\nlegal representatives or into court for his use.  The proceedings to\nascertain and settle the liens upon an undivided share shall not affect\nany other party to the action or delay the paying over or investing of\nmoney to or for

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§ 961. Disposition of proceeds of sale. The proceeds of a sale, after\ndeducting the costs and expenses chargeable against them shall be\nimmediately awarded as directed by the final judgment, to the parties\nwhose rights and interests have been sold, in proportion thereto. The\nsum chargeable upon any share to satisfy a lien thereon shall be paid to\nthe creditor, or retained, subject to the order of the court; and the\nremainder except as otherwise prescribed in this article, shall be paid\nby the officer making the sale, to the party owning the share or his\nlegal representatives or into court for his use. The proceedings to\nascertain and settle the liens upon an undivided share shall not affect\nany other party to the action or delay the paying over or investing of\nmoney to or for the benefit of any other party upon whose share or\ninterest in the property there does not appear to be any existing lien.\n