§ 34-15-18. Division of proceeds of sale - Share set aside for absent or unknown parties. In case of a sale under this chapter, the proceeds of the sale shall be divided, under the direction of the court, between the parties entitled thereto, in lieu of their interest in the estate ordered or decreed to be sold, and the portion of the proceeds of sale to which any party or person absent from the state or unknown and not appearing to claim the proceeds, may be entitled, may be invested for that person by the commissioners, under the direction of the court, and in such name as the court may direct, after deducting from that portion the reasonable share of the costs and expenses of partition of the party or persons, to be allowed by the court to those entitled thereto. In all cases the investment and the further disposition of the proceeds, and the deposit and disposition to be made of the evidence thereof, shall be subject only to the order and control of the court.
History of Section. (G.L. 1896, ch. 265, § 18; G.L. 1909, ch. 330, § 18; G.L. 1923, ch. 381, § 18; G.L. 1938, ch. 586, § 18; G.L. 1956, § 34-15-18.)
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
