GEORGIA CODE (Last Updated: August 20, 2013) |
Title 44. PROPERTY |
Chapter 14. MORTGAGES, CONVEYANCES TO SECURE DEBT, AND LIENS |
Article 5. TRUST DEEDS |
Section 44-14-125. Disposition of proceeds of sale; surplus
Latest version.
- The money arising from the sale of the property shall be paid to the trustee unless claimed by some other lien which by law may have priority over the deed; and, when there is any surplus after paying the sums due under the deed and other liens, the surplus shall be paid to the maker of the deed or his agent.
Ga. L. 1896, p. 76, § 6; Civil Code 1910, § 3316; Code 1933, § 67-1206.