Section 961. Disposition of proceeds of sale  


Latest version.
  • The proceeds of a sale, after
      deducting the costs  and  expenses  chargeable  against  them  shall  be
      immediately  awarded  as  directed by the final judgment, to the parties
      whose rights and interests have been sold, in  proportion  thereto.  The
      sum chargeable upon any share to satisfy a lien thereon shall be paid to
      the  creditor,  or  retained, subject to the order of the court; and the
      remainder except as otherwise prescribed in this article, shall be  paid
      by  the  officer  making  the sale, to the party owning the share or his
      legal representatives or into court for his use.    The  proceedings  to
      ascertain  and settle the liens upon an undivided share shall not affect
      any other party to the action or delay the paying over or  investing  of
      money  to  or  for  the  benefit  of any other party upon whose share or
      interest in the property there does not appear to be any existing lien.