§ 44-53-13. Ramifications of certificate of sale.
(a) In all cases of sale of property pursuant to § 44-53-9, other than real property, the certificate of sale:
(1) Shall be prima facie evidence of the right of the tax administrator to make the sale and conclusive evidence of the regularity of the proceedings of making the sale;
(2) Shall transfer to the purchaser all right, title, and interest of the party delinquent in and to the property sold;
(3) If the property consists of stocks, shall be notice, when received, to any corporation, company, or association of the transfer, and shall be authority to any corporation, company, or association to record the transfer on its books and records, in the same manner as if the stocks were transferred or assigned by the party holding the stocks, in lieu of any original or prior certificate, which shall be void, whether cancelled or not;
(4) If the subject of sale is securities or other evidences of debt, shall be a good and valid receipt to the person holding them, against any person holding or claiming to hold possession of the securities or other evidences of debt; and
(5) If the property consists of a motor vehicle, shall be notice, when received, to the division of motor vehicles of the state, or to any public official charged with the registration of title to motor vehicles in any other state, of the transfer and shall be authority to the administrator or to the public official to record the transfer on their books and records in the same manner as if the certificate of title to the motor vehicle were transferred or assigned by the party holding it, in lieu of any original or prior certificate, which shall be void whether canceled or not.
(b) In the case of the sale of real property pursuant to § 44-53-9, the deed of sale given pursuant to § 44-53-12 shall be prima facie evidence of the facts stated in the deed; and if the proceedings of the tax administrator as stated have been substantially in accordance with the provisions of law, the deed shall be considered and operate as a conveyance of all the right, title, and interest the party delinquent had in and to the real property sold at the time the lien of the state attached to the property.
(c) A certificate of sale of personal property given or a deed to real property executed pursuant to § 44-53-12 shall discharge the property from all liens, encumbrances, and title over which the lien of the state with respect to which the levy was made had priority.
History of Section.
P.L. 1993, ch. 138, art. 68, § 1.