59-2-1366 - Apportionment of redemption or assignment money. - Utah Statutes

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Statutes > Utah > Title-59 > Chapter-02 > 59-2-1366

59-2-1366. Apportionment of redemption or assignment money.
(1) If property sold to the county under this title is redeemed, or the certificate of sale isassigned, the money received on account of the redemption or assignment shall be distributed asfollows: the original and subsequent taxes, and 40% of interest, penalty, and costs of salereceived shall be apportioned to the taxing entities interested, in proportion to their respectivetaxes, and the balance shall be paid to the county.
(2) If a sum less than the taxes, interest, penalty, and costs is accepted in settlement, theproceeds of the settlement shall be applied, first to the payment of the original and subsequenttaxes, and the remainder, if any, to the payment of interest, penalty, and costs.

Amended by Chapter 241, 2001 General Session

State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-02 > 59-2-1366

59-2-1366. Apportionment of redemption or assignment money.
(1) If property sold to the county under this title is redeemed, or the certificate of sale isassigned, the money received on account of the redemption or assignment shall be distributed asfollows: the original and subsequent taxes, and 40% of interest, penalty, and costs of salereceived shall be apportioned to the taxing entities interested, in proportion to their respectivetaxes, and the balance shall be paid to the county.
(2) If a sum less than the taxes, interest, penalty, and costs is accepted in settlement, theproceeds of the settlement shall be applied, first to the payment of the original and subsequenttaxes, and the remainder, if any, to the payment of interest, penalty, and costs.

Amended by Chapter 241, 2001 General Session

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State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-02 > 59-2-1366

59-2-1366. Apportionment of redemption or assignment money.
(1) If property sold to the county under this title is redeemed, or the certificate of sale isassigned, the money received on account of the redemption or assignment shall be distributed asfollows: the original and subsequent taxes, and 40% of interest, penalty, and costs of salereceived shall be apportioned to the taxing entities interested, in proportion to their respectivetaxes, and the balance shall be paid to the county.
(2) If a sum less than the taxes, interest, penalty, and costs is accepted in settlement, theproceeds of the settlement shall be applied, first to the payment of the original and subsequenttaxes, and the remainder, if any, to the payment of interest, penalty, and costs.

Amended by Chapter 241, 2001 General Session