The person who offers to pay the total amount due, which is a lien on any parcel, for the smallest percentage of the parcel is the purchaser, and when the purchaser designates the percentage of any parcel for which the purchaser will pay the total amount due, the percentage thus designated shall give the person an undivided interest upon the issuance of a treasurer's deed, as provided in chapter 448. The delinquent tax lien transfers with the tax sale certificate, whether held by the county or purchased by an individual, through assignment or direct purchase at the tax sale. The delinquent tax lien expires when the tax sale certificate expires.
[C51, § 501; R60, § 766; C73, § 876; C97, § 1423; C24, 27, 31, 35, 39, § 7253; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 446.16]
90 Acts, ch 1203, § 1; 91 Acts, ch 191, §68; 92 Acts, ch 1016, §25
Referred to in § 420.246
Iowa General Assembly
Search: Iowa Code 1995
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