Statute · California Government Code
Cal. Gov't Code § 53867 — Delinquent Assessment Acquisition and Sales Law of 1915
Cal. Gov't Code § 53867
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If by resolution adopted by a four-fifths vote the legislative body determines that the property cannot be sold for a sum of money at least equal to the total of the amount paid, all accrued penalties and delinquencies, and necessary expenses incurred, the local agency may sell the property or…
Citator
Cal. Gov't Code § 53867 — Delinquent Assessment Acquisition and Sales Law of 1915 is in force in the current edition of the Code, and nothing recorded condemns it.
If by resolution adopted by a four-fifths vote the legislative body determines that the property cannot be sold for a sum of money at least equal to the total of the amount paid, all accrued penalties and delinquencies, and necessary expenses incurred, the local agency may sell the property or lien for less than such total but not less than the fair market value of the property or lien as determined by the legislative body.