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Enrolled Version - Final Version Senate Bill 468 History

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ENROLLED

Senate Bill No. 468

(By Senators Laird, White, D. Facemire and Kessler)

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[Passed April 10, 2009; in effect ninety days from passage.]

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AN ACT to amend and reenact §11A-3-24 of the Code of West Virginia, 1931, as amended, relating to requiring a purchaser of redemption property to pay in certified funds.

Be it enacted by the Legislature of West Virginia:
That §11A-3-24 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 3. SALE OF TAX LIENS AND NONENTERED, ESCHEATED AND WASTE AND UNAPPROPRIATED LANDS.

§11A-3-24. Notice of redemption to purchaser; moneys received by sheriff.
(a) Upon payment made by cashier check, money order, certified check or United States currency in the amount necessary to redeem, the clerk shall deliver to the sheriff the redemption money paid and the name and address of the purchaser, his or her heirs and assigns. The clerk shall also note the fact of redemption on his or her record of delinquent lands.
(b) Of the redemption money received by the sheriff pursuant to this section, the sheriff shall deposit into the sale of tax lien surplus fund provided by section ten of this article an amount equal to the amount of taxes, interest and charges due on the date of the sale, plus the interest at the rate of one percent per month from the date of sale to the date of redemption, the amount of the subsequent years' taxes paid the day of or after the sheriff's sale, plus interest at the rate of one percent per month thereon from the date of payment to the date of redemption, the amount of any additional expenses incurred after January 1 of the year following the sheriff's sale for the preparation of the list of those to be served with notice to redeem and any examination of title performed and certified pursuant to the provisions of section nineteen of this article, plus interest at a rate of one percent per month from the date of payment to the date of redemption. In cases where the clerk has not received from the purchaser satisfactory proof of additional expenses incurred after January 1 of the year following the sheriff's sale as provided in section twenty-three of this article, the sheriff shall deposit the money received in the sale of tax lien surplus fund provided by section ten of this article.
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