Sec. 42-167. Disposition of balance of proceeds following satisfaction of lien.
Sec. 42-167. Disposition of balance of proceeds following satisfaction of lien.
In the event of a sale of personal property subject to such a lien, the owner may satisfy
his lien from the proceeds of the sale but shall hold the balance, if any, for delivery on
demand to the occupant or any other party having an interest. If the occupant or such
other party does not claim the balance of the proceeds within two years of the date of
sale, it shall become the property of the owner.
(P.A. 81-428, S. 9.)