Iowa Code 589.19 – Conveyances under school-fund foreclosures
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 589.19
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Purchaser: means a person who enters into a membership camping contract with a membership camping operator and obtains the right to use the campground owned or operated by the membership camping operator. See Iowa Code 557B.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
If the title to real estate has been conveyed more than ten years earlier, by the sheriff of a county pursuant to sheriff’s sale under the foreclosure of permanent school-fund mortgages to the state, or to the state for the use of the school fund, or to the county for the school fund; and the land has been sold under authority of the board of supervisors of the county and conveyed under its authority, more than ten years earlier, and the full purchase price paid and credited to, and used by, the county for the permanent school fund of the county, all right, title, or interest of the state in and to the real estate is relinquished and quitclaimed to the purchaser or the purchaser’s grantees forever, and the title confirmed in the purchaser, or the purchaser’s grantees insofar as the erroneous conveyance is concerned.