§ 14-86-1501 - Right of purchaser to possession. - Arkansas Statutes

14-86-1501. Right of purchaser to possession.

(a) In all sales made by commissioners under decrees of chancery courts for foreclosure of delinquent special assessments in drainage, levee, and bridge districts, improvement districts in cities and towns, and in all special assessment districts of every kind, the court may approve the sale subject to the right of redemption.

(b) Immediately upon approval, the purchaser shall have the right to possession of the lands and premises so sold and may have process therefor.

(c) The purchaser, while so in possession, shall not be accountable for rents upon redemption. However, the purchaser shall not dispose of nor injure the timber nor minerals nor fixtures upon the property until the expiration of the right of redemption and shall not recover in case of redemption for improvements upon the property.