Rhode Island § 34-35-5 § 34-35-5. Order of sale — Distribution of proceeds.

Rhode Island Statutes

§ 34-35-5 — § 34-35-5. Order of sale — Distribution of proceeds.

Rhode Island·Title 34 Property·Ch. 34-35 Enforcement of Common Law and Contractual Liens

§ 34-35-5. Order of sale — Distribution of proceeds.
If the owner makes default at the time appointed, or if, upon a hearing of the parties,
            it appears that a lien exists upon the property, and that the property ought to be
            sold for the satisfaction of the debt, the court may make an order for that purpose,
            and the property may be sold in conformity with the order. The court shall ascertain
            the amount due up to the time of the entering of the order, and any surplus of the
            proceeds of the sale, after satisfying the debt and all costs and charges, shall be
            paid into the registry of the court for the benefit of the lawful owner of the property.
       

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§ 34-35-5. Order of sale — Distribution of proceeds.

If the owner makes default at the time appointed, or if, upon a hearing of the parties, it appears that a lien exists upon the property, and that the property ought to be sold for the satisfaction of the debt, the court may make an order for that purpose, and the property may be sold in conformity with the order. The court shall ascertain the amount due up to the time of the entering of the order, and any surplus of the proceeds of the sale, after satisfying the debt and all costs and charges, shall be paid into the registry of the court for the benefit of the lawful owner of the property.

Rhode Island § 34-35-5 (§ 34-35-5. Order of sale — Distribution of proceeds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.