State Act

The Bihar Co-operative Societies Act, 1935

57 N. Proceeds of sale how to be applied. – (1) From the proceeds of every sale of distrained property under this chapter, the officer holding the shall pay the casts of the distraint and sale, calculated on a scale of charges prescribed by rules to be made, from time, by the state Government in this behalf. (2) The remainder shall be applied to the discharge of the amount due for which the distress was made, with interest thereon up to the day of sale; and the surplus (it any) shall be paid to the person whose property has been sold.