ยง507-15 - Application of proceeds of sale.
ยง507-15ย Application of proceeds of sale.ย
Out of the proceeds of sale pursuant to section 507-14, the holder of the lien
may retain the amount of the lien, plus twenty-five per cent thereof to cover
expenses incurred in connection with the storage, handling, and sale of the
article or lot of articles sold.ย Any balance remaining of the sale price of
each article or lot of articles sold which is not claimed by the owner thereof
within thirty days from the date of sale shall be deposited with the director of
finance of the State for payment to the owner and shall be disposed of as
provided in chapter 523A. [L 1945, c 188, ยง3; RL 1955, ยง193-18; am L Sp 1959
2d, c 1, ยง14; am L 1963, c 114, ยง1; HRS ยง507-15; am L 1974, c 75, ยง9; am L
1985, c 68, ยง20]