Section 9-43-41 - Application of proceeds of sale of tax-deed land by county. - South-dakota Statutes

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9-43-41. Application of proceeds of sale of tax-deed land by county. If any parcel of land has been acquired by the county by tax deed and sold and conveyed at a price less than the total principal, interest, and costs of all general taxes and past-due installments of special assessments which are unpaid on the land, the proceeds of the sale shall be applied first to the payment of expenses incurred by the county in the proceedings to take tax deed and in the sale proceedings. Secondly, the proceeds of the sale shall be applied towards the payment of the total principal, interest, and costs of all such general taxes, the distribution to be made pursuant to direction for disposition of proceeds as set forth in § 7-31-31. Thirdly, the balance shall be applied toward the principal, interest, and costs of all such past-due installments of special assessments. If no sufficient balance remains for the third purpose, the past due installments of special assessments shall remain on books of the county treasurer as lien against each parcel of land purchased by tax deed.

Source: SDC 1939, § 45.2111 (5) as enacted by SL 1949, ch 189, § 4; SL 1951, ch 242, § 1; SL 1963, ch 283, § 8; SL 1973, ch 56, § 1; SL 1974, ch 78, § 2; SL 1995, ch 52, § 1.

State Codes and Statutes

Statutes > South-dakota > Title-9 > Chapter-43 > Statute-9-43-41

9-43-41. Application of proceeds of sale of tax-deed land by county. If any parcel of land has been acquired by the county by tax deed and sold and conveyed at a price less than the total principal, interest, and costs of all general taxes and past-due installments of special assessments which are unpaid on the land, the proceeds of the sale shall be applied first to the payment of expenses incurred by the county in the proceedings to take tax deed and in the sale proceedings. Secondly, the proceeds of the sale shall be applied towards the payment of the total principal, interest, and costs of all such general taxes, the distribution to be made pursuant to direction for disposition of proceeds as set forth in § 7-31-31. Thirdly, the balance shall be applied toward the principal, interest, and costs of all such past-due installments of special assessments. If no sufficient balance remains for the third purpose, the past due installments of special assessments shall remain on books of the county treasurer as lien against each parcel of land purchased by tax deed.

Source: SDC 1939, § 45.2111 (5) as enacted by SL 1949, ch 189, § 4; SL 1951, ch 242, § 1; SL 1963, ch 283, § 8; SL 1973, ch 56, § 1; SL 1974, ch 78, § 2; SL 1995, ch 52, § 1.

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Statutes > South-dakota > Title-9 > Chapter-43 > Statute-9-43-41

9-43-41. Application of proceeds of sale of tax-deed land by county. If any parcel of land has been acquired by the county by tax deed and sold and conveyed at a price less than the total principal, interest, and costs of all general taxes and past-due installments of special assessments which are unpaid on the land, the proceeds of the sale shall be applied first to the payment of expenses incurred by the county in the proceedings to take tax deed and in the sale proceedings. Secondly, the proceeds of the sale shall be applied towards the payment of the total principal, interest, and costs of all such general taxes, the distribution to be made pursuant to direction for disposition of proceeds as set forth in § 7-31-31. Thirdly, the balance shall be applied toward the principal, interest, and costs of all such past-due installments of special assessments. If no sufficient balance remains for the third purpose, the past due installments of special assessments shall remain on books of the county treasurer as lien against each parcel of land purchased by tax deed.

Source: SDC 1939, § 45.2111 (5) as enacted by SL 1949, ch 189, § 4; SL 1951, ch 242, § 1; SL 1963, ch 283, § 8; SL 1973, ch 56, § 1; SL 1974, ch 78, § 2; SL 1995, ch 52, § 1.