§246-60  Same; tax deed; redemption. The tax collector or the tax collector's assistant shall, on payment of thepurchase price, make, execute, and deliver all proper conveyances necessary inthe premises and the delivery of the conveyances shall vest in the purchaserthe title to the property sold; provided that the deed to the premises shall berecorded within sixty days after the sale; provided further that the taxpayermay redeem the property sold by payment to the purchaser at the sale, withinone year from the date thereof, or if the deed shall not have been recordedwithin sixty days after the sale, then within one year from the date ofrecording of the deed, of the amount paid by the purchaser, together with allcosts and expenses which the purchaser was required to pay, including the feefor recording the deed, and in addition thereto, interest on such amount at therate of twelve per cent a year, but in a case of redemption more than one yearafter the date of sale by reason of extension of the redemption period onaccount of late recording of the tax deed, interest shall not be added for theextended redemption period. [L 1932 2d, c 40, pt of §66; RL 1935, pt of §1961;am L 1939, c 221, pt of §7; RL 1945, pt of §5168; am L 1951, c 133, §6; RL 1955,§128-43; HRS §246-60; gen ch 1985]

 

Case Notes

 

  Purchaser has duty todisclose the redemption amount to taxpayer.  58 H. 53, 564 P.2d 436.

  Cited:  39 H. 378,381.