(a) Proceeds from the sale shall be applied to satisfy the lien, and any surplus shall be disbursed as provided in subsection (b) of this section.
(b) If a sale is held under this subchapter, the operator shall:
(1) Satisfy the lien from the proceeds of the sale; and
(2) Hold the balance, if any, for delivery on demand to the occupant or any other recorded lienholders. If demand is not made within two (2) years after the date of the sale, the surplus shall escheat to the county.
Section: Previous 18-16-402 18-16-403 18-16-404 18-16-405 18-16-406 18-16-407 18-16-408 18-16-409 18-16-410 18-16-411 NextLast modified: November 15, 2016