Iowa Code
Chapter 651 - PARTITION
Section 651.21 - Proceeds of property partitioned by sale.

651.21 Proceeds of property partitioned by sale.
1. After a property has been partitioned by sale, a party, including a holder of a lien from which the property has been freed by the sale, shall have the same rights or interests in the proceeds as the party had in the property sold, subject to a prior charge for costs.
2. The court shall appoint a trustee, or order other suitable provisions, for the proceeds of a share held for life or years in the remainder. The ascertained share of any absent owner shall be retained, or the proceeds invested for the owner’s benefit, under an order of the court.
2018 Acts, ch 1108, §21

Structure Iowa Code

Iowa Code

Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES

Chapter 651 - PARTITION

Section 651.1 - Definitions.

Section 651.2 - Action for partition of property.

Section 651.3 - Partition of real estate pending probate or administration of estate.

Section 651.4 - Petition for partition of property.

Section 651.5 - Parties to petition for partition of property.

Section 651.6 - Answer to partition petition.

Section 651.7 - Joinder and counterclaim.

Section 651.8 - Partition of personal property subject to lien.

Section 651.9 - Partition of real and personal property in same action.

Section 651.10 - Jurisdiction of property partitioned in kind or of proceeds from partition by sale.

Section 651.11 - Property partitioned by sale and partitioned in kind in same action.

Section 651.12 - Initial court decree and appointment of referee.

Section 651.13 - Abstract, plats, and surveys.

Section 651.14 - Adjudication of liens on property subject to partition.

Section 651.15 - Referee possession of property and court preservation of property.

Section 651.16 - Procedure for partition in kind.

Section 651.17 - Referee’s report to court of inability to make partition in kind.

Section 651.18 - Procedure for partition by sale.

Section 651.19 - Validity of referee’s deed.

Section 651.20 - Partition by sale — liens on property.

Section 651.21 - Proceeds of property partitioned by sale.

Section 651.22 - Costs of partition action.

Section 651.23 - Plaintiff’s attorney fees.

Section 651.24 - Other fees taxed as costs.

Section 651.25 - Referee’s final report.

Section 651.26 - Payment of proceeds less than ten thousand dollars to minor.

Section 651.27 - Applicability of special provisions of heirs property.

Section 651.28 - Initial decree.

Section 651.29 - Cotenant buyout.

Section 651.30 - Alternatives to partition in kind.

Section 651.31 - Factors court to consider in determining if partition in kind will result in great prejudice.

Section 651.32 - Subchapter II procedures to govern.