Utah § 78B-6-1220 Proceeds of sale of encumbered property -- Disposition of.

Utah Statutes

§ 78B-6-1220 — Proceeds of sale of encumbered property -- Disposition of.

Utah § 78B-6-1220

Title 78BJudicial Code

Ch. 78B-6Particular Proceedings

Part 78B-6-12Partition

This text of Utah § 78B-6-1220 (Proceeds of sale of encumbered property -- Disposition of.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 78B-6-1220 (2026).

Text

The proceeds of the sale of encumbered property shall be applied under the direction of the court, as follows:

(1)to pay its just proportion of the general costs of the action;

(2)to pay the costs of the reference;

(3)to satisfy and cancel all recorded liens in their order of priority, by payment of the sums due and to become due; the amount due to be verified by affidavit at the time of payment;

(4)the residue among the owners of the property sold according to their respective shares therein.

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The proceeds of the sale of encumbered property shall be applied under the direction of the court, as follows:
(1) to pay its just proportion of the general costs of the action;
(2) to pay the costs of the reference;
(3) to satisfy and cancel all recorded liens in their order of priority, by payment of the sums due and to become due; the amount due to be verified by affidavit at the time of payment;
(4) the residue among the owners of the property sold according to their respective shares therein.