Montana § 70-29-321 - Priorities For Application Of Proceeds
Full text of Montana Montana Code Annotated § 70-29-321 — Priorities For Application Of Proceeds, with citation guidance and answers to common questions.
§ 70-29-321. Priorities For Application Of Proceeds
Priorities for application of proceeds. The proceeds of the sale of encumbered property must 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 in their order of priority by payment of the sums due and to become due, the amount 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 therein.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 70-29-321
What does Montana Code Annotated § 70-29-321 cover?
Section 70-29-321 ("Priorities For Application Of Proceeds") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 70-29-321?
A common citation format is "Montana Code Annotated § 70-29-321" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 70-29-321 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.