Michigan § 125.1448h - Sale proceeds; application to discharge of debt; surplus; interest.
Full text of Michigan Michigan Compiled Laws § 125.1448h — Sale proceeds; application to discharge of debt; surplus; interest., with citation guidance and answers to common questions.
§ 125.1448h. Sale proceeds; application to discharge of debt; surplus; interest.
The proceeds of every sale under a judgment shall be applied to the discharge of the debt adjudged by the court to be due and of the costs awarded. If there is any surplus, it shall be brought into court for the use of the defendant, or of the person entitled to it, subject to the order of the court.
If the surplus or any part of it remains in the court for the term of 3 months without being applied for, the circuit court may direct that it be put out at interest under the direction of the court for the benefit of the defendant or his or her representatives, or assigns to be paid to them by the order of the court.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.1448h
What does Michigan Compiled Laws § 125.1448h cover?
Section 125.1448h ("Sale proceeds; application to discharge of debt; surplus; interest.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. 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 Michigan § 125.1448h?
A common citation format is "Michigan Compiled Laws § 125.1448h" (Michigan). 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 Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 125.1448h apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan 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 Michigan.