Section 1166. Real property acquired by tax district; right of sale  


Latest version.
  • 1.
      Whenever any tax district shall become vested with  the  title  to  real
      property  by  virtue of a foreclosure proceeding brought pursuant to the
      provisions of this article, such tax district is  hereby  authorized  to
      sell  and  convey  the real property so acquired, either with or without
      advertising for bids, notwithstanding the  provisions  of  any  general,
      special or local law.
        2.  No  such  sale shall be effective unless and until such sale shall
      have been approved and confirmed by a majority  vote  of  the  governing
      body of the tax district, except that no such approval shall be required
      when the property is sold at public auction to the highest bidder.