No deferred installment of the amount assessed as between vendor and vendee, mortgagor and mortgagee shall become a lien upon the property against which it is assessed and levied until June 30 of the preceding fiscal year in which it is due and payable.
[SS15, § 1989-a12; C24, 27, 31, 35, 39, § 7488; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 455.67]
89 Acts, ch 126, § 2
CS89, § 468.60
Referred to in § 468.57, 468.127
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