California § 10361 - If encumbered property is sold, the purchase money shall be applied in the follow
Full text of California Public Contract Code - PCC § 10361 — If encumbered property is sold, the purchase money shall be applied in the follow, with citation guidance and answers to common questions.
§ 10361. If encumbered property is sold, the purchase money shall be applied in the follow
(a) If encumbered property is sold, the purchase money shall be applied in the following order: (1) Expenses of administration which are reasonably related to the administration of the property sold as provided in paragraph (1) of subdivision (a) of Section 11420. (2) The payment of the expenses of the sale. (3) The payment and satisfaction of the amount secured by the lien on the property sold if payment and satisfaction of the lien is required under the terms of the sale. (4) Application in the course of administration. (b) The application of the purchase money, after the payment of those expenses set forth in paragraphs (1) and (2) of subdivision (a), to the payment and satisfaction of the amount secured by the lien on the property sold shall be made without delay; and, subject to Section 10362, the property sold remains subject to the lien until the purchase money has been actually so applied.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 10361
What does Public Contract Code - PCC § 10361 cover?
Section 10361 ("If encumbered property is sold, the purchase money shall be applied in the follow") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 10361?
A common citation format is "Public Contract Code - PCC § 10361" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 10361 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.