2006 Michigan Compiled Laws - Mich. Comp. Laws § 211.74 Redemption of property following sale; time; showing; payment of redemption money and interest; issuance, delivery, and filing of redemption certificate; noting certificate in tax record book; certificates to be consecutively numbered; reports; evidence of redemption payment.

THE GENERAL PROPERTY TAX ACT (EXCERPT)
Act 206 of 1893

***** 211.74 THIS SECTION IS REPEALED BY ACT 183 OF 2005 EFFECTIVE DECEMBER 31, 2006 *****



211.74 Redemption of property following sale; time; showing; payment of redemption money and interest; issuance, delivery, and filing of redemption certificate; noting certificate in tax record book; certificates to be consecutively numbered; reports; evidence of redemption payment.

Sec. 74.

(1) A person or a city or other political subdivision that owns property on which a tax lien was sold under this act or any interest in property on which a tax lien was sold under this act, at any time before the first Tuesday of May in the year following the sale, may redeem any parcel of that property, or any part or interest in that property, by showing to the satisfaction of the county treasurer that the person, city, or other political subdivision owns only that part or interest in the property that the person, city, or other political subdivision proposes to redeem, and by paying to the county treasurer the amount of the sale of the parcel of property, or the portion of the property to be redeemed, and interest on that amount computed at a rate of 1.25% per month or fraction of a month, except as provided in section 89, from the first day of the month of the sale. If a person, city, or other political subdivision owns less than the whole description sold, the amount required to redeem that part shall be calculated under section 53. Upon the payment of the redemption amount and interest computed at a rate of 1.25% per month, or fraction of a month, except as provided in section 89, to the county treasurer under this section, the county treasurer shall issue a redemption certificate in triplicate in a form prescribed by the department of treasury. One of the triplicate certificates shall be delivered to the person making the redemption payment, 1 shall be filed in the office of the county treasurer, and 1 shall be immediately transmitted to the department of treasury. If the county treasurer fails to forward the certificate to the department of treasury as required by this section, the department of treasury may take possession of the certificate in the office of the county treasurer, and the certificates shall after that time be part of the records and files of the department of treasury.

(2) The county treasurer shall also make a note of the redemption certificate in the tax record book kept in his or her office, with the name of the payee, and the date and amount paid. All redemption certificates issued under this section shall be consecutively numbered. The county treasurer shall account for each certificate issued and forward a weekly report to the department of treasury accounting for each certificate issued.

(3) A certificate, and the entry of the certificate by the county treasurer, is evidence of a redemption payment in the courts of this state. However, each county treasurer shall make a full and complete report to the department of treasury of all redemption certificates issued by him or her during the redemption period not later than 20 days after the expiration of the redemption period. The department of treasury shall compel, in the manner provided by law, the filing of the reports required under this section by the county treasurers and for that purpose may incur expenses as required.


History: 1893, Act 206, Eff. June 12, 1893 ;-- Am. 1895, Act 154, Eff. Aug. 30, 1895 ;-- Am. 1897, Act 225, Imd. Eff. May 29, 1897 ;-- CL 1897, 3897 ;-- Am. 1899, Act 262, Eff. Sept. 23, 1899 ;-- CL 1915, 4072 ;-- Am. 1917, Act 320, Eff. Aug. 10, 1917 ;-- CL 1929, 3467 ;-- Am. 1932, 1st Ex. Sess., Act 10, Imd. Eff. Apr. 28, 1932 ;-- Am. 1937, Act 325, Imd. Eff. July 27, 1937 ;-- Am. 1939, Act 37, Imd. Eff. Apr. 13, 1939 ;-- Am. 1939, Act 52, Imd. Eff. May 2, 1939 ;-- Am. 1941, Act 234, Imd. Eff. June 16, 1941 ;-- Am. 1943, Act 231, Imd. Eff. Apr. 20, 1943 ;-- CL 1948, 211.74 ;-- Am. 1980, Act 48, Imd. Eff. Mar. 21, 1980 ;-- Am. 1981, Act 162, Eff. Dec. 1, 1981 ;-- Am. 1982, Act 539, Eff. Mar. 30, 1983 ;-- Am. 1993, Act 291, Imd. Eff. Dec. 28, 1993 ;-- Am. 1999, Act 123, Eff. Oct. 1, 1999
Popular Name: Act 206



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