New York § 962 - 962Payment of proceeds into court where there are liens
Full text of New York New York Consolidated Laws § 962 — 962Payment of proceeds into court where there are liens, with citation guidance and answers to common questions.
§ 962. 962Payment of proceeds into court where there are liens
§ 962. Payment of proceeds into court where there are liens. If there is any existing lien upon the share or interest of a party in the property, the interlocutory judgment directing the sale shall direct the officer making it to pay into court the portion of the money arising from the sale of the share or interest of that party after deducting the portion of the costs and expenses for which it is liable.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 962
What does New York Consolidated Laws § 962 cover?
Section 962 ("962Payment of proceeds into court where there are liens") is part of the New York Consolidated Laws, the codified statutory law of New York. 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 New York § 962?
A common citation format is "New York Consolidated Laws § 962" (New York). 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 New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 962 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York 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 New York.