Rhode Island § 10-5-28 § 10-5-28. Proceeds of sale of mortgaged property.

Rhode Island Statutes

§ 10-5-28 — § 10-5-28. Proceeds of sale of mortgaged property.

Rhode Island § 10-5-28

Title 10Courts and civil procedure–Procedure in particular actions

Ch. 10-5Attachment

This text of Rhode Island § 10-5-28 (§ 10-5-28. Proceeds of sale of mortgaged property.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 10-5-28 (2026).

Text

§ 10-5-28. Proceeds of sale of mortgaged property.
Upon any sale as provided in § 10-5-27, the attaching officer shall first apply so much of the proceeds of the sale as may
            be necessary to pay the amount for which the property was mortgaged, with such deduction
            for interest for the anticipated payment, or allowance for damages for the anticipated
            payment, as may be allowed by the justice directing the sale; and the officer shall
            pay only the balance into the registry of the court for the purposes of the attachment.
         

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§ 10-5-28. Proceeds of sale of mortgaged property.

Upon any sale as provided in § 10-5-27, the attaching officer shall first apply so much of the proceeds of the sale as may be necessary to pay the amount for which the property was mortgaged, with such deduction for interest for the anticipated payment, or allowance for damages for the anticipated payment, as may be allowed by the justice directing the sale; and the officer shall pay only the balance into the registry of the court for the purposes of the attachment.