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257B.37 - PROCEEDS ON RESALE.

        257B.37  PROCEEDS ON RESALE.
         When a resale is made, the county auditor shall notify the
      director of the department of administrative services, who shall
      thereupon charge the county with the full amount of the resale,
      except that when the lands are sold for more than the unpaid portion
      of the principal, the excess shall be applied to reimburse the county
      for the costs of foreclosure and the interest paid by the county to
      the state by reason of default of payment of same by the makers of
      the notes, previous to the time when the right of redemption has
      expired, not to exceed three years.  

         Section History: Early Form

         [C73, § 1881, 1882; C97, § 2855; S13, § 2855; C24, 27, 31, 35, 39,
      § 4504; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §
      302.37] 

         Section History: Recent Form

         C93, § 257B.37
         2003 Acts, ch 145, §286