14-120-104. Foreclosure sales — Payment with bonds or interest coupons.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-120-104. Foreclosure sales — Payment with bonds or interest coupons.

14-120-104. Foreclosure sales — Payment with bonds or interest coupons. (a) Any levee or drainage improvement district in this state having acquired title to any lands within that district by virtue of foreclosure of benefit assessments thereon may sell the lands at prices fixed by the commissioners of the district and may receive in payment of the purchase price for the land the bonds and interest coupons of the district, at face value, to the amount of the purchase price. (b) Any person redeeming or purchasing lands from the districts, at the time of making payment for those lands in bonds or interest coupons of the district, shall pay to the district in cash an amount necessary to defray all costs and expenses of foreclosure which the district shall have incurred as to the redeemed or purchased tract of land.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-120-104

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.