The certificate of purchase is assignable by endorsement and entry in the county system in the office of county treasurer of the county from which the certificate was issued, and when the assignment is so entered, it shall vest in the assignee or legal representatives of the assignee all the right and title of the assignor. The statement in the treasurer's deed of the fact of the assignment is presumptive evidence of that fact. When the county acquires a certificate of purchase, the board of supervisors may compromise and assign the certificate. A compromise and assignment shall be by written agreement. A copy of the agreement shall be filed with the treasurer. All money received from assignment of certificates of purchase shall be apportioned to the tax- levying and certifying bodies in proportion to their interests in the taxes for which the parcel was sold. After assignment of a certificate of purchase which is held by the county, section 446.37 applies. In that instance, the three-year requirement shall be calculated from the date of assignment.
A certificate of purchase for a parcel shall not be assigned to a person, other than a municipality, who is entitled to redeem that parcel.
[R60, § 778; C73, § 888; C97, § 1433; S13, § 1433; C24, 27, 31, 35, 39, § 7265; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 446.31]
91 Acts, ch 191, §82; 92 Acts, ch 1016, §29; 93 Acts, ch 73, §9
Referred to in § 331.361, 446.45
Iowa General Assembly
Search: Iowa Code 1995
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