The proceeds of the sale must be applied to the discharge of the lien and the cost of keeping and selling the property. The remainder, if any, shall be paid to the legal owner.
§ 1208.67.Application of Proceeds of Sale
Title 4. Of the Enforcement of Liens · Chapter 5. Liens on Aircraft · Enacted 1953 · no amendments on record · Last verified July 29, 2026
In one sentenceSection 1208.67 requires the proceeds of an aircraft lien sale to be applied first to the lien debt and the costs of keeping and selling the property, with any remaining balance paid to the legal owner.
Full Text of § 1208.67
Plain-English Summary
Once a lien sale under § 1208.65 goes through, this section tells the lienholder what to do with the money. The proceeds are applied first to discharge the lien itself, then to cover the cost of keeping and selling the aircraft.
Whatever is left over after those two things are covered doesn't stay with the lienholder — it goes to the legal owner of the aircraft, the same person identified for notice purposes under §§ 1208.62 and 1208.66.
Frequently Asked Questions
How are the proceeds of an aircraft lien sale used?
First to discharge the lien and to pay the costs of keeping and selling the property.
Who gets any money left over after the lien and costs are paid?
The legal owner of the aircraft.
Amendment History
Added by Stats. 1953, Ch. 52.
Source & verification. Section text is reproduced verbatim from
the Deering's California Codes Annotated / vLex. Enacted by the California Legislature.
Last verified July 29, 2026.
· Official source
Also known as: proceeds of aircraft lien sale california