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18-50-109. Disposition of proceeds of sale.
Arkansas Code — all titles (historical 2020) · legal_authorities
18-50-109. Disposition of proceeds of sale.
The trustee or mortgagee shall apply the proceeds of the sale as follows:
(1) To the expenses of the sale, including compensation of the trustee or mortgagee and a reasonable fee by the attorney;
(2) To the indebtedness owed;
(3) To all persons having recorded liens subsequent to the interest of the trustee or mortgagee as their interests may appear in the order of the priority; and
(4) The surplus, if any, to the grantor of the trust deed or to the successor in interest of the grantor entitled to the surplus.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-50-109
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:18-50-109
Source file: gov.ar.code.title.18.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 53c2a624e32c829cefde95d4c6aebf8b4287d14e43c06228f08d890059cd58e0
Source location: content.xml paragraph 11488
Stored source content
18-50-109. Disposition of proceeds of sale.
The trustee or mortgagee shall apply the proceeds of the sale as follows:
(1) To the expenses of the sale, including compensation of the trustee or mortgagee and a reasonable fee by the attorney;
(2) To the indebtedness owed;
(3) To all persons having recorded liens subsequent to the interest of the trustee or mortgagee as their interests may appear in the order of the priority; and
(4) The surplus, if any, to the grantor of the trust deed or to the successor in interest of the grantor entitled to the surplus.
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