Rhode Island General Laws 44-9-18.1. Barrington – Assignments to The Barrington Land Conservation Trust, Incorporated
Notwithstanding the provisions of § 44-9-18, the town treasurer of the town of Barrington may transfer and assign any or all tax titles held by the town for no monetary consideration to The Barrington Land Conservation Trust, Incorporated, a non-profit Rhode Island corporation, and further shall not be required to send notice of any intended transfer or assignment to the owner of record. The transfer or assignment shall not confer upon The Barrington Land Conservation Trust, Incorporated, any greater rights or responsibilities than those granted to or imposed upon the town of Barrington as original holder of the tax title. The Barrington Land Conservation Trust, Incorporated, shall hold any tax title transferred or assigned subject to any and all rights of redemption held by the owner of record and/or his or her successors and assigns in title. Notwithstanding the foregoing, The Barrington Land Conservation Trust, Incorporated, shall also hold and be permitted to exercise any rights that the town of Barrington previously held, including the right to petition for foreclosure of any rights of redemption.
History of Section.
P.L. 1992, ch. 304, § 1.
Terms Used In Rhode Island General Laws 44-9-18.1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9