9I.11 ESCHEAT.
If the court finds that the land in question has been acquired in
violation of this chapter or that the land has not been converted to
the purpose other than farming within five years as provided for in
this chapter, the court shall declare the land escheated to the
state. When escheat is decreed by the court, the clerk of court
shall notify the governor that the title to the real estate is vested
in the state by decree of the court. Any real estate, the title to
which is acquired by the state under this chapter, shall be sold in
the manner provided by law for the foreclosure of a mortgage on real
estate for default of payment, the proceeds of the sale shall be used
to pay court costs, and the remaining funds, if any, shall be paid to
the person divested of the property but only in an amount not
exceeding the actual cost paid by the person for that property.
Proceeds remaining after the payment of court costs and the payment
to the person divested of the property shall become a part of the
funds of the county or counties in which the land is located, in
proportion to the part of the land in each county.
9I.11 ESCHEAT.
If the court finds that the land in question has been acquired in
violation of this chapter or that the land has not been converted to
the purpose other than farming within five years as provided for in
this chapter, the court shall declare the land escheated to the
state. When escheat is decreed by the court, the clerk of court
shall notify the governor that the title to the real estate is vested
in the state by decree of the court. Any real estate, the title to
which is acquired by the state under this chapter, shall be sold in
the manner provided by law for the foreclosure of a mortgage on real
estate for default of payment, the proceeds of the sale shall be used
to pay court costs, and the remaining funds, if any, shall be paid to
the person divested of the property but only in an amount not
exceeding the actual cost paid by the person for that property.
Proceeds remaining after the payment of court costs and the payment
to the person divested of the property shall become a part of the
funds of the county or counties in which the land is located, in
proportion to the part of the land in each county.
9I.11 ESCHEAT.
If the court finds that the land in question has been acquired in
violation of this chapter or that the land has not been converted to
the purpose other than farming within five years as provided for in
this chapter, the court shall declare the land escheated to the
state. When escheat is decreed by the court, the clerk of court
shall notify the governor that the title to the real estate is vested
in the state by decree of the court. Any real estate, the title to
which is acquired by the state under this chapter, shall be sold in
the manner provided by law for the foreclosure of a mortgage on real
estate for default of payment, the proceeds of the sale shall be used
to pay court costs, and the remaining funds, if any, shall be paid to
the person divested of the property but only in an amount not
exceeding the actual cost paid by the person for that property.
Proceeds remaining after the payment of court costs and the payment
to the person divested of the property shall become a part of the
funds of the county or counties in which the land is located, in
proportion to the part of the land in each county.
