Montana Code 15-18-221. Distribution of tax deed auction proceeds
15-18-221. Distribution of tax deed auction proceeds. (1) The county treasurer shall distribute the proceeds of a tax deed auction pursuant to 15-18-220 as provided in this section.
Terms Used In Montana Code 15-18-221
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(2)If the tax deed is purchased by a person other than the assignee, the county treasurer shall pay to the assignee:
(a)the amount paid for the assignment of the tax lien, including delinquent taxes, penalties, interest, and costs; and
(b)all amounts paid pursuant to 15-18-219(2).
(3)Within 30 days of receiving payment from the purchaser of the tax deed, the county treasurer shall distribute surplus funds to the legal titleholder of record. The county treasurer shall process the surplus funds regardless of whether the legal titleholder is a resident of the state or not.