RPAPL 961 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 951 Recording of judgment up ARTICLE 9 Action For Partition next SECTION 962 Payment of proceeds into court where there are liens Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 961 Disposition of proceeds of sale Real Property Actions & Proceedings (RPA) CHAPTER 81, ARTICLE 9 § 961. Disposition of proceeds of sale. 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.