§ Rule 1.1209. Proceeds of sale

Codes > Iowa Rules of Civil Practice and Procedure > Chapter 1 > Division XII > Rule 1.1209.

Rule 1.1209. Proceeds of sale

After a sale, all parties, including holders of liens from which the property has been freed by the sale, shall have the same rights or interests in the proceeds as they had in the property sold, subject to a prior charge for costs.

The court shall appoint a trustee or make other suitable provision for the proceeds of any share held for life or years or in remainder. The ascertained share of any absent owner shall be retained, or the proceeds invested for the owner's benefit, under like order.