§ 44-9-18.4 - Westerly – Assignments to the Westerly land trust. - Rhode Island Statutes

SECTION 44-9-18.4

   § 44-9-18.4  Westerly – Assignments tothe Westerly land trust. – Notwithstanding the provisions of § 44-9-18, the tax collector of the townof Westerly, with the approval of the town council, may transfer and assign anyor all tax titles held by the town, for no monetary consideration, to theWesterly Municipal Land Trust, established by chapter 165 of the 2002 PublicLaws and further shall not be required to send notice of any intended transferor assignment to the owner of record. The transfer or assignment shall notconfer upon the Westerly Municipal Land Trust any greater rights orresponsibilities than those granted to or imposed upon the town of Westerly asoriginal holder of the tax title. The Westerly Municipal Land Trust shall holdany tax title transferred or assigned subject to any and all rights ofredemption held by the owner of record and/or his or her successors and assignsin title. Any and all statutory redemption costs shall be paid to the town ofWesterly and the Westerly Municipal Land Trust. Notwithstanding the foregoing,the Westerly Municipal Land Trust shall also hold and be permitted to exerciseany rights that the town of Westerly previously held, including the right topetition for foreclosure of any rights of redemption.