Section 4424 - Interest in excess of exemption1.Forced sale. If the debtor's interest in any property exempt under section 4422 exceeds the exempt amount, the whole of the property may be sold. [1981, c. 431, §2(NEW).]
2.Distribution of proceeds. The proceeds of a sale under subsection 1 shall be distributed in the following order:A. To the debtor in the amount of his exempt interest; [1981, c. 431, §2(NEW).]B. To the creditor attaching or executing on the property; and [1981, c. 431, §2(NEW).]C. To the debtor, the balance of the proceeds. [1981, c. 431, §2(NEW).] [1991, c. 431, §2(NEW).]
3.Exception for residence. With respect to a residence in which the debtor has an exempt interest, the debtor may designate as exempt from sale under subsection 1 any part of the residence having a value not in excess of the amount of his exemption. [1981, c. 431, §2(NEW).]
1981, c. 431, § 2 (NEW) .