Section 87.56.180. Trustee for creditors—Bond—Duties.

The judgment shall also name a trustee to be nominated by the creditors representing a majority of the indebtedness who shall give bond conditioned for the faithful performance of his or her duties and the strict accounting of all funds received by him or her in such amount as the court shall determine, and who shall have authority to receive payment on account of said judgment and to satisfy said judgment against the several lands at the time payment thereon is made by the landowners in proportion to the amount of said payment. When any landowner shall make full payment of the amount of the judgment apportioned against his or her land, he or she shall be entitled to full satisfaction thereof of record.

[ 2013 c 23 § 524; 1925 ex.s. c 124 § 23; RRS § 7543-23.]

2013 c 23 § 524; 1925 ex.s. c 124 § 23; RRS § 7543-23.