Rhode Island General Laws 46-18-11. Effect of sale on execution – Redemption
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Any sale of the mill or milldam and appurtenances thereof made on the execution shall be valid and effectual against the defendant and against all persons whose titles shall accrue after the service of the complaint in the action; but any person entitled to the premises sold may redeem the premises at any time within one year after the sale, upon paying to the purchaser or person holding under him or her the sum paid therefor, with interest thereon at the rate of twelve percent (12%) per annum.
History of Section.
G.L. 1896, ch. 122, § 11; G.L. 1909, ch. 148, § 11; G.L. 1923, ch. 178, § 11; G.L. 1938, ch. 636, § 11; G.L. 1956, § 46-18-11.
Terms Used In Rhode Island General Laws 46-18-11
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6