SB968: Tax Sales - Foreclosure Actions - Assignment of Certificates of Sale

Legislative Summary

Authorizing the governing body of a county or municipal corporation to file a petition with a court to request that a certain certificate of sale be assigned to the governing body of the county or the municipal corporation in a certain foreclosure action under certain circumstances; providing that, on a grant of the petition by the court, the holder of the certificate of sale forfeits certain rights and the amount paid to acquire the certificate of sale; etc.