§ 44-53-13 - Ramifications of certificate of sale.
SECTION 44-53-13
§ 44-53-13 Ramifications of certificate ofsale. – (a) In all cases of sale of property pursuant to § 44-53-9, other thanreal property, the certificate of sale:
(1) Shall be prima facie evidence of the right of the taxadministrator to make the sale and conclusive evidence of the regularity of theproceedings of making the sale;
(2) Shall transfer to the purchaser all right, title, andinterest of the party delinquent in and to the property sold;
(3) If the property consists of stocks, shall be notice, whenreceived, to any corporation, company, or association of the transfer, andshall be authority to any corporation, company, or association to record thetransfer on its books and records, in the same manner as if the stocks weretransferred or assigned by the party holding the stocks, in lieu of anyoriginal or prior certificate, which shall be void, whether cancelled or not;
(4) If the subject of sale is securities or other evidencesof debt, shall be a good and valid receipt to the person holding them, againstany person holding or claiming to hold possession of the securities or otherevidences of debt; and
(5) If the property consists of a motor vehicle, shall benotice, when received, to the division of motor vehicles of the state, or toany public official charged with the registration of title to motor vehicles inany other state, of the transfer and shall be authority to the administrator orto the public official to record the transfer on their books and records in thesame manner as if the certificate of title to the motor vehicle weretransferred or assigned by the party holding it, in lieu of any original orprior certificate, which shall be void whether canceled or not.
(b) In the case of the sale of real property pursuant to§ 44-53-9, the deed of sale given pursuant to § 44-53-12 shall beprima facie evidence of the facts stated in the deed; and if the proceedings ofthe tax administrator as stated have been substantially in accordance with theprovisions of law, the deed shall be considered and operate as a conveyance ofall the right, title, and interest the party delinquent had in and to the realproperty sold at the time the lien of the state attached to the property.
(c) A certificate of sale of personal property given or adeed to real property executed pursuant to § 44-53-12 shall discharge theproperty from all liens, encumbrances, and title over which the lien of thestate with respect to which the levy was made had priority.