Idaho § 50-1406 - Disposal of land acquired by foreclosure - Excess proceeds
Full text of Idaho Idaho Statutes § 50-1406 — Disposal of land acquired by foreclosure - Excess proceeds, with citation guidance and answers to common questions.
§ 50-1406. Disposal of land acquired by foreclosure - Excess proceeds
Should real property be acquired as the result of a foreclosure of any improvement lien, or where a deed has been made and executed by the owner to the city in satisfaction of an improvement lien, and thereafter bring more than is assessed against the same, together with costs and expenses, then the proceeds shall be paid to the owner if his address is known, otherwise, to be placed in the improvement fund for the benefit of which the property was impressed with the lien.
[50-1406, added 2001, ch. 331, sec. 7, p. 1163.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 50-1406
What does Idaho Statutes § 50-1406 cover?
Section 50-1406 ("Disposal of land acquired by foreclosure - Excess proceeds") is part of the Idaho Statutes, the codified statutory law of Idaho. 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 Idaho § 50-1406?
A common citation format is "Idaho Statutes § 50-1406" (Idaho). 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 Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 50-1406 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho 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 Idaho.