Civil Code Article 874
This English translation was last updated on 2021-01-20, but the Chinese text was amended on 2026-08-17. Later amendments may not be reflected in the translation — please refer to the Chinese text.
Except as otherwise provided by law, the proceeds from the sale of the mortgaged property shall be distributed to the mortgagees according to their priority ranking by order of the creation of the mortgages. For mortgages of the same rank, proceeds shall be distributed pro rata to the amounts of the claims secured by the mortgages.
中文原文 民法第874條
抵押物賣得之價金，除法律另有規定外，按各抵押權成立之次序分配之。
其次序相同者，依債權額比例分配之。
其次序相同者，依債權額比例分配之。