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This entry was published on 2014-09-22
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Distribution of proceeds of disposition
Real Property Actions & Proceedings (RPA) CHAPTER 81, ARTICLE 17
§ 1761. Distribution of proceeds of disposition. 1. After the
disposition of real property as provided in this article, the court
shall direct the distribution of the proceeds.

2. The court shall direct the payment from the proceeds of all debts,
in equal proportion, without giving a preference to a debt founded upon
a specialty or upon which judgment has been taken.

3. The court shall direct the investment of any portion of the
proceeds belonging to the infant, incompetent person or conservatee
which is not needed for the payment of debts, or the safe keeping, or
the immediate maintenance and education of himself or his family, or for
the preservation or improvement of his real property or his interest in
real property.

4. The court shall require a report, under oath, of the disposition
and investment of the proceeds to be made as soon as practicable, and
must compel periodical accounts to be rendered thereafter by each person
who is intrusted with the proceeds or any part thereof.