La. Stat. tit. 47 § 2211

Current with changes from the 2024 Legislative Session
Section 47:2211 - [See Note] Disposition of proceeds of sale of adjudicated property

The proceeds of the sale of adjudicated property under prior law or the sale of immovable property to enforce a tax lien certificate held by a political subdivision exceeding the statutory impositions, other governmental liens, costs of the sale and other costs incurred by the political subdivision in holding and maintaining the property shall be held by the political subdivision for the benefit of persons holding an interest in the property for a period of one year from the date that notice is sent as provided by this Section. No later than thirty days after the date of the sale, the political subdivision shall notify each tax auction party of the excess funds being held for the benefit of persons holding an interest in the property. Any person holding an interest in the property may submit an application to receive that person's portion of the proceeds by submitting an affidavit to the political subdivision asserting the facts necessary to prove their interest in the property and the proportion of the proceeds to which they are entitled. If no application to receive the excess bid is received timely, the excess bid shall revert to the selling political subdivision.

La. R.S. § 47:2211

Acts 2008, No. 819, §1, eff. Jan. 1, 2009.
Amended by Acts 2024, No. 774,s. 1, eff. 1/1/2026 if the proposed amendment to Article VII, Section 25 of the Constitution of Louisiana contained in the Act which originated as Senate Bill No. 119 of this 2024 Regular Session of the Legislature is adopted at a state-wide election and becomes effective or if a proposed amendment to Article VII, Section 25 of the Constitution of Louisiana, which authorizes liens and privileges on immovable property for nonpayment of taxes is adopted at a statewide election prior to December 7, 2024..
Acts 2008, No. 819, §1, eff. 1/1/2009.
This section is set out more than once due to postponed, multiple, or conflicting amendments.