North Dakota § 32-16-20 - How proceeds of encumbered property applied
Full text of North Dakota North Dakota Century Code § 32-16-20 — How proceeds of encumbered property applied, with citation guidance and answers to common questions.
§ 32-16-20. How proceeds of encumbered property applied
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. 3. 4. To pay the costs of the reference. To satisfy and cancel of record the several liens in their order of priority, by payment of the sums due and to become due, and the amount due to be verified by affidavit at the time of payment. The residue among the owners of the property sold, according to their respective shares therein.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 32-16-20
What does North Dakota Century Code § 32-16-20 cover?
Section 32-16-20 ("How proceeds of encumbered property applied") is part of the North Dakota Century Code, the codified statutory law of North Dakota. 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 North Dakota § 32-16-20?
A common citation format is "North Dakota Century Code § 32-16-20" (North Dakota). 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 North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 32-16-20 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota 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 North Dakota.