3-33-27. Improvement district; acceptance of deed in lieu of
74 words·~1 min read·
/nm/chapter-3-municipalities/article-33-improvement-districts/3-33-27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
foreclosure.
In lieu of the foreclosure of a lien against any tract or parcel of land which is delinquent in the payment of an assessment or installment of an assessment for a period of more than one year, a municipality may accept a deed to the property subject to the lien if the owner of the property tenders the deed to the municipality.
History: 1953 Comp., § 14-32-20, enacted by Laws 1965, ch. 300.