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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 15 : Domestic Relations

Chapter 011 : ANNULMENT AND DIVORCE

Subchapter 005 : Enforcement of Liens

(Cite as: 15 V.S.A. § 714)
  • § 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.