47-18-16. Proceeds of sale exempt.
80 words·~1 min read·
/nd/title-47/chapter-47-18-homestead/47-18-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a homestead is conveyed as provided in section 47-18-05 or sold for the satisfaction of any lien mentioned in section 47-18-04, the price thereof or the proceeds of the sale beyond the amount necessary to satisfy such lien, and not exceeding in either case the amount of the homestead exemption, for a period of one year from the date of the conveyance, is entitled thereafter to the same protection against legal process as the law gives to the homestead.