The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
005
:
ENFORCEMENT OF LIENS
(Cite as: 15 V.S.A. § 714)
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§ 714. Disposition of proceeds
(a) The sheriff or constable selling such property upon such execution, after deducting
his or her lawful fees, shall pay the proceeds to the clerk of such court, who shall
disburse such proceeds to the petitioner or other persons entitled to the same pursuant
to the terms of such order.
(b) If the terms of such order are not fully satisfied by the proceeds so disbursed, the
lien upon such property or stock shall attach to the balance of such proceeds. Such
proceeds shall be retained by the clerk of such court or deposited in some savings
bank, trust company, or other banking institution in this State to the credit of such
clerk in such manner as shall be directed in such order of sale.
(c) From time to time, out of the proceeds so deposited or held by him or her, the clerk
shall thereafterwards pay to such petitioner or other persons designated in such order,
such amount as, from time to time, shall become due by the terms thereof, unless the
person against whom such order is made shall deposit with the clerk other funds to
carry out the terms of such order.
(d) When the terms of such order have been fully and finally complied with, all of such
proceeds in the hands of the clerk or deposited as shall be paid to the party against
whom such order is made.