N.Y. Real Prop. Tax Law § 1166
Real property acquired by tax district; right of sale
Redline — January 1, 2016 → current.View current text →
Current — January 1, 2025
As of January 1, 2016
§ 1166. Real property acquired by tax district; right of sale. * 1.\nWhenever any tax district shall become vested with the title to real\nproperty by virtue of a foreclosure proceeding brought pursuant to the\nprovisions of this article, such tax district is hereby authorized to\nsell and convey the real property so acquired, either with or without\nadvertising for bids, notwithstanding the provisions of any general,\nspecial or local law.\n * NB Effective until January 1, 2016\n * 1. Whenever any tax district shall become vested with the title to\nreal property by virtue of a foreclosure proceeding brought pursuant to\nthe provisions of this article, such tax district is hereby authorized\nto sell and convey the real property so acquired, which shall include\nany and all gas, oil or mineral rights associated with such real\nproperty, either with or without advertising for bids, notwithstanding\nthe provisions of any general, special or local law.\n * NB Effective January 1, 2016\n 2. No such sale shall be effective unless and until such sale shall\nhave been approved and confirmed by a majority vote of the governing\nbody of the tax district, except that no such approval shall be required\nwhen the property is sold at public auction to the highest bidder.\n
§ 1166. Real property acquired by tax district; right of sale. 1.\nWhenever any tax district shall become vested with the title to real\nproperty, and whenever an enforcing officer shall have been authorized\nto sell and convey real property directly to another party, by virtue of\na foreclosure proceeding brought pursuant to the provisions of this\narticle, such tax district or enforcing officer is hereby authorized to\nsell and convey such real property, which shall include any and all gas,\noil or mineral rights associated with such real property, either with or\nwithout advertising for bids, notwithstanding the provisions of any\ngeneral, special or local law.\n 2. No such sale shall be effective unless and until such sale shall\nhave been approved and confirmed by a majority vote of the governing\nbody of the tax district, except that no such approval shall be required\nwhen the property is sold at public auction to the highest bidder.\n 3. The provisions of title six of this article shall govern the\ndistribution of any surplus attributable to such sales.\n
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.