§ 46-18-11 - Effect of sale on execution – Redemption. - Rhode Island Statutes

SECTION 46-18-11

   § 46-18-11  Effect of sale on execution– Redemption. – Any sale of the mill or milldam and appurtenances thereof made on the executionshall be valid and effectual against the defendant and against all personswhose titles shall accrue after the service of the complaint in the action; butany person entitled to the premises sold may redeem the premises at any timewithin one year after the sale, upon paying to the purchaser or person holdingunder him or her the sum paid therefor, with interest thereon at the rate oftwelve percent (12%) per annum.