§ 283.621. Defective or invalid transfer of tax lien; proceeding anew.

If a transfer of tax lien be vacated or be set aside or cancelled or if it be adjudged that a transfer of tax lien is invalid or defective, or insufficient to transfer a tax lien to the purchaser thereof, or if in any action to foreclose a transfer of tax lien it be adjudged that a transfer of tax lien is not a valid lien on the premises which it purports to affect because of some irregularity in the proceedings had, and if, in pursuance of any such adjudication, the purchaser of said transfer of tax lien shall have surrendered such transfer of tax lien to the supervisor and shall have been repaid by the town the amount paid for such transfer of tax lien, with interest at a rate of not more than three percentum per annum and costs and disbursements of the action or proceeding in which such adjudication was made or, if the town shall repurchase the transfer of tax lien in the manner provided in section 283.581 hereof, the tax lien which was purported to be transferred and assigned in such transfer of tax lien shall remain as a valid lien upon the premises which it affects, except to such extent as it may have been adjudged irregular or invalid, and the supervisor shall proceed to sell anew, as provided in section 283.391 of this chapter, so much of the said tax lien as is not invalid as if no prior sale purporting to transfer the said tax lien had taken place. Such sale of the tax lien so surrendered or repurchased shall be made at the next ensuing tax sale and shall be labeled or designated in such tax lien sale as resale of lien.

(§ 581 of the Laws of 1948, Ch. 852; amended by the Laws of 1962, Ch. 386)