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14-90-1107. Sale to improvement district.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-90-1107. Sale to improvement district.
(a) Municipal improvement districts may purchase lands sold under foreclosure decrees when there are no other bids equal to the delinquent installments, penalties, and costs.
(b) In the absence of bids, the commissioner making the sale, without bidding on the part of the district or its agent, shall sell the lands to the district for the full amount chargeable against the lands by the terms of the decree.
(c) The district may hold, sell, and convey all lands purchased at foreclosure sales.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-90-1107
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.
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Record provenance
Stable record: arkansas_code:legal_authorities:14-90-1107
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 4f63a531035e787595dcbbc53323c99b35d36d78b7c91cf4d84b32e842403816
Source location: content.xml paragraph 24117
Stored source content
14-90-1107. Sale to improvement district.
(a) Municipal improvement districts may purchase lands sold under foreclosure decrees when there are no other bids equal to the delinquent installments, penalties, and costs.
(b) In the absence of bids, the commissioner making the sale, without bidding on the part of the district or its agent, shall sell the lands to the district for the full amount chargeable against the lands by the terms of the decree.
(c) The district may hold, sell, and convey all lands purchased at foreclosure sales.
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