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Secured Transactions Act · s 74
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Secured Transactions Act · s 74
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
A secured party who has sold the collateral under section 70 shall, before applying the net proceeds of the sale towards the satisfaction of the debt or other obligation secured by the security interest of the secured party, apply the net proceeds of the sale towards the reasonable costs and expenses of the sale.
Secured Transactions 42