Kansas Statutes Annotated
Updated Through the 2013 Legislative Session

Previous
Statute Number:60-2406
Chapter Title:PROCEDURE, CIVIL
Article Title:EXECUTIONS AND ORDERS OF SALE
Tax Type:All
Brief Description:Sale subject to liens.
Keywords:


Body:

60-2406. Sale subject to liens. The interest of a judgment debtor in property, either real or personal, may be levied upon and sold on execution subject to liens or encumbrances already existing. If the holder of a lien or other security interest in tangible personal property asserts a right of possession thereto and does not consent to an execution sale subject to his or her interest, the sale shall not be completed unless for an amount in excess of such senior interest as determined by the court, and in such event the property shall be delivered by the officer to the lienholder entitled to the same. If the sale is completed, the net proceeds thereof shall be applied to the satisfaction of the senior interest in full and the balance applied to the judgment debt.
History: L. 1963, ch. 303, 60-2406; Jan. 1, 1964.


Date Composed: 04/04/2011 Date Modified: 04/04/2011

Previous