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This entry was published on 2016-01-08
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SECTION 1166
Real property acquired by tax district; right of sale
Real Property Tax (RPT) CHAPTER 50-A, ARTICLE 11, TITLE 4
§ 1166. Real property acquired by tax district; right of sale. 1.
Whenever any tax district shall become vested with the title to real
property by virtue of a foreclosure proceeding brought pursuant to the
provisions of this article, such tax district is hereby authorized to
sell and convey the real property so acquired, which shall include any
and all gas, oil or mineral rights associated with such real property,
either with or without advertising for bids, notwithstanding the
provisions of any general, special or local law.

2. No such sale shall be effective unless and until such sale shall
have been approved and confirmed by a majority vote of the governing
body of the tax district, except that no such approval shall be required
when the property is sold at public auction to the highest bidder.