Sec. 42-164. Advertisement of, and time for sale. Allocation of proceeds.
Sec. 42-164. Advertisement of, and time for sale. Allocation of proceeds. (a)
After the expiration of the time given in the notice for the occupant to pay the amount
due, if the owner wishes, he may place an advertisement of the sale or other disposition
of the personal property in a newspaper of substantial circulation in the municipality
where the self-service storage facility is located. Such advertisement shall be published
at least twice within a period not less than ten days preceding the date of such sale or
other disposition. The advertisement shall include: (1) A description of the personal
property subject to the lien according to the requirements of section 42-162; (2) the
name of the occupant, the address of the self-service storage facility, the unit number,
if any, of the storage space where the personal property is located; and (3) the time,
place and manner of the sale or other disposition.
(b) Such sale or other disposition of the personal property shall not take place sooner
than ten days after the first publication of the advertisement nor sixty days after the date
of default.
(c) If there is no newspaper of substantial circulation in the municipality in which
the self-service storage facility is located, the advertisement shall be posted at least ten
days before the date of the sale or other disposition of the personal property in not less
than six conspicuous places in the neighborhood where the self-service storage facility
is located.
(d) The proceeds of a sale under this section shall be allocated to pay the expenses
of such sale, then to the holder of any lien or security interest having priority over that
of such owner, then to the owner.
(P.A. 81-428, S. 6.)