New York SCT Code § 45-B

Tax sale in November, nineteen hundred thirty-three, validated
Open in Lexace · Ask the AI about this section
§ 45-b. Tax sale in November, nineteen hundred thirty-three,\nvalidated.  The sale of real estate for unpaid taxes in the county of\nSuffolk held by the county treasurer in November, nineteen hundred\nthirty-three, and certificates of sale issued thereon to purchasers,\nincluding such county, are hereby validated and confirmed in so far as\ntheir validity might otherwise have been affected or may be questioned\nby reason of lack of statutory authority with respect to the form and\nsubstance of the notice of sale, the conditions and manner in which the\nseveral parcels were offered for sale, the basis on which bids were\npermitted, made and accepted, the rates of interest, from a maximum of\ntwelve per centum down to one per centum, bid by the purchaser. With\nrespect to any of the foregoing matters or any acts done or committed,\nbefore, during or after the sale, relating to or connected with such\nmatters, failure to comply with any provisions of law, including other\nprovisions of this chapter or section one hundred fifty-two of the tax\nlaw or amendments thereof, shall not affect or impair such sale and\ncertificates. In conformity with the terms on which the several pieces\nor parcels were offered and accepted, and the provisions of this act,\nthe amount of interest payable on redemption hereafter of any such piece\nor parcel shall be computed and determined at rates as follows: The rate\nthus established by the bid shall be the rate of interest for the first\nyear, if the redemption be made within the first year; and at double\nthat rate of interest per annum from the date of sale if the redemption\nbe made within the second year; and at treble that rate of interest per\nannum from the date of sale, if the redemption be made in the third\nyear.\n

‹ Prev All New York sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.