Idaho Code § 18-8621

Current through the 2024 Regular Session

Section 18-8621 - DISPOSITION OF PROPERTY

On the motion of a party and after notice to any persons who are known to have an interest in the property and an opportunity to be heard, the court may order property that has been seized for forfeiture sold, leased, rented, or operated to satisfy an interest of any interest holder who has timely filed a proper claim or to preserve the interests of any party. The court may order a sale or any other disposition of the property if the property may perish, waste, be foreclosed on, or otherwise be significantly reduced in value or if the expenses of maintaining the property are or will become greater than its fair market value. If the court orders a sale, the court shall designate a third party or state property manager to dispose of the property by public sale or other commercially reasonable method and shall distribute the proceeds in the following order of priority:

(1) Payment of reasonable expenses incurred in connection with the sale;

(2) Satisfaction of exempt interests in the order of their priority; and

(3) Preservation of the balance, if any, in the actual or constructive custody of the court in an interest-bearing account, subject to further proceedings under the provisions of this chapter. When property is forfeited under this chapter, the attorney general or appropriate prosecuting attorney may:

(a) Retain it for official use; or

(b) Sell it if it is not required to be destroyed by law and is not harmful to the public, pursuant to section 18-8616 or 18-8617, Idaho Code.

Idaho Code § 18-8621

Added by 2024 Session Laws, ch. 147,sec. 42, eff. 7/1/2024.