48-943. Redemption
A. Redemption may be made by any party having an interest in the lot at any time before the execution and delivery of a deed therefor by paying to the superintendent the amount for which the property was sold and five per cent thereon if paid within three months from the date of sale, ten per cent if paid within six months, twelve per cent if paid within nine months, fifteen per cent if paid within twelve months, or twenty per cent if paid at any time after twelve months.
B. When redemption is made, the superintendent shall note that fact on the duplicate certificate of sale in his office and deposit the amount paid with the treasurer, who shall credit the purchaser named in the certificate of sale with such amount, and pay such sum to the purchaser or his assignee, upon the surrender of the certificate of sale.
C. When the district is the purchaser, the treasurer shall notify the clerk of the redemption, and the clerk shall thereupon cancel the certificate of sale in his office.
Section: Previous 48-937 48-938 48-939 48-940 48-940.01 48-941 48-942 48-943 48-944 48-945 48-946 48-947 48-948 48-949 48-950 NextLast modified: October 13, 2016