15-18-221. Distribution of tax deed auction proceeds.
127 words·~1 min read·
/mt/title-15/chapter-18/part-2/15-18-221·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
15-18-221 . Distribution of tax deed auction proceeds.
(1)The county treasurer shall distribute the proceeds of a tax deed auction pursuant to 15-18-220 as provided in this section.
(2)If the tax deed is purchased by a person other than the assignee, the county treasurer shall pay to the assignee:
(a)the amount paid for the assignment of the tax lien, including delinquent taxes, penalties, interest, and costs; and
(b)all amounts paid pursuant to 15-18-219 (2).
(3)Within 30 days of receiving payment from the purchaser of the tax deed, the county treasurer shall distribute surplus funds to the legal titleholder of record. The county treasurer shall process the surplus funds regardless of whether the legal titleholder is a resident of the state or not.