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This entry was published on 2014-09-22
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SECTION 100
Distribution of surplus
Lien (LIE) CHAPTER 33, ARTICLE 4
§ 100. Distribution of surplus. If upon payment of all claims
established as liens against the vessel from the proceeds of its sale, a
surplus remains, it may be distributed by the court to the persons
entitled thereto, after a hearing and the publication of a notice by the
applicants for the same time and in the same manner as the notice of
seizure is required by this article to be published. Such notice shall
specify the amount of the surplus proceeds, the names of the persons
applying therefor, the name of the vessel from the sale of which the
same arose, the date of the sale and the time and place when the hearing
will be held and the distribution of the surplus made.