7-64-210 - Termination of deferral. [For contingent amendment, see the Compiler's Notes].
7-64-210. Termination of deferral. [For contingent amendment, see the Compiler's Notes].
The deferred payments shall not only become due and payable at the time of sale of the residence and at time of death of the beneficiary hereunder, but shall also become due and payable in the event of change of use of the property from the principal place of residence of the beneficiary or beneficiaries.
[Acts 1980, ch. 659, § 10; 1998, ch. 802, § 5.]