257B.38 - EXCESS -- LOSS BORNE BY COUNTY.
257B.38 EXCESS -- LOSS BORNE BY COUNTY.
An excess over the amount of the unpaid portion of the principal,
costs of foreclosure, and interest on the principal, shall inure to
the county and be credited to the general county fund. If the lands
are sold for a less amount than the unpaid portion of the principal,
the loss shall be sustained by the county, and the board of
supervisors shall at once order the amount of the loss transferred
from the general fund of the county to the permanent school fund
account. Section History: Early Form
[C73, § 1881; C97, § 2855; S13, § 2855; C24, 27, 31, 35, 39, §
4505; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 302.38]
Section History: Recent Form
83 Acts, ch 185, § 25, 62
C93, § 257B.38