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California Food and Agricultural Code

§ 5435

FAC § 5435Div. 4 · Part 1 · Ch. 6 · Art. 2

Statute text

View on leginfo.ca.gov
(a)If, after foreclosure, the property is sold, enough of the proceeds shall be paid into the treasury of the county which forecloses the lien as shall satisfy the lien, penalty, and costs.
(b)If there is any surplus, it shall be paid to the owner of the property, if he is known. If the owner of the property is not known, the surplus shall be paid into the court for his use at such time as he is ascertained.

Legislative history

Enacted by Stats. 1967, Ch. 15.

Source: California Food and Agricultural Code § 5435 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.