48-530. Redemption of property
A. Redemption of a parcel of property sold for delinquent assessment may be made by any party in interest, at any time prior to the execution and delivery of a deed therefor, by paying to the street superintendent the amount for which the property was sold, and interest thereon from the date of sale at the rate of ten per cent per annum if paid within twelve months, or fifteen per cent if paid thereafter.
B. When redemption is made, the street superintendent shall note that fact on the duplicate certificate of sale in his office, and deposit the amount paid with the city or town treasurer, who shall credit the purchaser named in the certificate of sale with the amount, and pay such amount to the purchaser, or his assignee, upon surrender of the certificate of sale.
C. When the municipality is the purchaser, the treasurer shall notify the clerk of the redemption, and the clerk shall cancel the certificate of sale on file in his office.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
