Rhode Island Statutes

§ 9-26-9 — § 9-26-9. Proceeds of sale of mortgaged property.

Rhode Island·Title 9 COURTS and CIVIL PROCEDURE–PROCEDURE GENERALLY·Ch. 9-26 Levy and Sale on Execution

§ 9-26-9. Proceeds of sale of mortgaged property.

The proceeds of the sale shall be applied to the payment of the amount due on the mortgage, with such deduction for interest for the anticipated payment, or allowance for damages for such anticipated payment, as may be ascertained and allowed by the court to which the execution is returnable, and the balance shall be applied to the payment of the amount due on the execution.

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Rhode Island § 9-26-9 (§ 9-26-9. Proceeds of sale of mortgaged property.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

C.P.A. 1905, § 629; G.L. 1909, ch. 304, § 6; G.L. 1923, ch. 355, § 6; G.L. 1938, ch. 553, § 6; G.L. 1956, § 9-26-9.

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