§ 58-87. Proceeds of sale.

Latest version.

(a)

If the sale of any vehicle and its attached accessories or equipment under the provisions of this article realizes a monetary amount less than or equal to the sum of all charges of the operator who has perfected a lien pursuant to state statute, then the operator shall have a valid claim against the owner of record for the full amount of such charges, less the amount received upon the sale of such vehicle.

(b)

If the sale of any vehicle and its attached accessories or equipment under the provisions of this article realizes a monetary amount greater than the sum of all charges of the operator who has perfected a lien pursuant to state statute, then the proceeds of the sale shall be distributed as provided by state statute unless the city has entered into a towing agreement with an operator which provides for a specified contractual distribution.

(Ord. No. 04-09, § 9(5-9-35), 8-17-2004)

                    
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