Rhode Island General Laws 44-9-34. Holding and disposition of land foreclosed by city or town
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After foreclosure by a city or a town of the rights of redemption under a tax title, the land shall be held and disposed of like any land belonging to it and held for municipal purposes, and shall not while held be assessed for taxes. The land may be disposed of without the necessity of giving the notice provided for by § 45-3-12.
History of Section.
G.L. 1938, ch. 32, § 52; P.L. 1946, ch. 1800, § 1; G.L. 1956, § 44-9-34.
Terms Used In Rhode Island General Laws 44-9-34
- 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