§ 44-53-11 - Redemption of levied property.
SECTION 44-53-11
§ 44-53-11 Redemption of levied property.– (a) Any person whose property has been levied upon shall have the right to paythe amount due, together with the expense of the proceeding, if any, to the taxadministrator at any time prior to the sale of the property, and upon thatpayment the tax administrator shall restore the property to the owner, and allfurther proceedings in connection with the levy of the property shall ceasefrom the time of that payment.
(b) The owners of any real property sold as provided in§ 44-53-9, their heirs, executors, or administrators, or any person havingany interest in the property, or a lien on the property, or any person in theirbehalf, shall be permitted to redeem the property sold, or any particular tractof the property, at any time within one hundred and eighty (180) days after thesale of the property.
(2) The property or tract of property shall be permitted tobe redeemed upon payment to the purchaser, or in case the purchaser cannot befound in the county in which the property to be redeemed is situated, then tothe tax administrator for the use of the purchaser, the purchaser's heirs, orassigns, the amount paid by the purchaser and interest at the rate provided in§ 44-1-7.
(c) When any lands sold are redeemed as provided in thissection, the tax administrator shall cause entry of the fact to be made uponrecord mentioned in § 44-53-14 and the entry shall be evidence of thatredemption.