South Carolina § 29-5-290 Distribution of proceeds of sale.

South Carolina Statutes

§ 29-5-290 — Distribution of proceeds of sale.

South Carolina § 29-5-290

Title 29MORTGAGES AND OTHER LIENS

Ch. 5MECHANICS' LIENS

This text of South Carolina § 29-5-290 (Distribution of proceeds of sale.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 29-5-290 (2026).

Text

If all the claims against the property covered by the lien are ascertained at the time of ordering the sale, the court may order the officer to pay over and distribute the proceeds of the sale, after deducting all lawful charges and expenses, to and among the several creditors to the amount of their respective debts, if there is sufficient therefor, and if there is not sufficient, then to divide and distribute such proceeds among the creditors in proportion to the amount due to each of them.

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If all the claims against the property covered by the lien are ascertained at the time of ordering the sale, the court may order the officer to pay over and distribute the proceeds of the sale, after deducting all lawful charges and expenses, to and among the several creditors to the amount of their respective debts, if there is sufficient therefor, and if there is not sufficient, then to divide and distribute such proceeds among the creditors in proportion to the amount due to each of them.

Legislative History

HISTORY: 1962 Code SECTION 45-279; 1952 Code SECTION 45-279; 1942 Code SECTION 8754; 1932 Code SECTION 8754; Civ. C. '22 SECTION 5666; Civ. C. '12 SECTION 4136; Civ. C. '02 SECTION 3031; G. S. 2373; R. S. 2488; 1869 (14) 222.