Minnesota § 558.16 - PROCEEDS, HOW APPLIED

Full text of Minnesota Minnesota Statutes § 558.16 — PROCEEDS, HOW APPLIED, with citation guidance and answers to common questions.

§ 558.16. PROCEEDS, HOW APPLIED

The proceeds of the sale of the property shall be applied under the direction of the court as follows:

(1) to pay its just proportion of the general costs of the action;

(2) to pay the costs of the reference;

(3) to satisfy and cancel of record the several liens, if any, in their order of priority, by payment of the sums due and to become due; the amount remaining due to be verified by affidavit at the time of payment;

(4) the residue among the owners of the property sold, according to their respective shares.

History:

(9539) RL s 4407

Official Publication of the State of Minnesota
Revisor of Statutes

Related Minnesota Legal Topics

Frequently Asked Questions About Minnesota § 558.16

What does Minnesota Statutes § 558.16 cover?

Section 558.16 ("PROCEEDS, HOW APPLIED") is part of the Minnesota Statutes, the codified statutory law of Minnesota. 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 Minnesota § 558.16?

A common citation format is "Minnesota Statutes § 558.16" (Minnesota). 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 Minnesota law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.

How does Minnesota § 558.16 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota 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 Minnesota.