Alabama § 40-10-200 Financial Interest by Certain Officers or Employees in Purchase of Tax Lien Sold for Delinquent Taxes

Alabama Statutes

§ 40-10-200 — Financial Interest by Certain Officers or Employees in Purchase of Tax Lien Sold for Delinquent Taxes

Alabama·Title 40 Revenue and Taxation·Ch. 10 Sale of Land·Art. 7 Sale of Tax Liens

(a)(1) Except as provided in subdivision (2), a tax assessing or tax collecting official, commissioner of revenue, judge or clerk of the court with jurisdiction over actions filed under this article, or any employee of any of those offices shall not knowingly have a direct or indirect financial interest in the purchase of any tax lien sold for delinquent taxes within his or her jurisdiction. A sale made in violation of this subsection is void.

(2)This section does not apply to an attorney representing a party in the purchase of a tax lien sold for delinquent taxes or an employee of the attorney.

(b)A violation of this section is a Class C misdemeanor and the sureties on his or her official bond shall be liable for a penalty not to exceed five hundred dollars ($500) to be fixed by the cir

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(a)(1) Except as provided in subdivision (2), a tax assessing or tax collecting official, commissioner of revenue, judge or clerk of the court with jurisdiction over actions filed under this article, or any employee of any of those offices shall not knowingly have a direct or indirect financial interest in the purchase of any tax lien sold for delinquent taxes within his or her jurisdiction. A sale made in violation of this subsection is void.
(2) This section does not apply to an attorney representing a party in the purchase of a tax lien sold for delinquent taxes or an employee of the attorney.
(b) A violation of this section
is
a Class C misdemeanor and the sureties on his or her official bond shall be liable for a penalty not to exceed five hundred dollars ($500) to be fixed by the circuit judge with jurisdiction in the county. The penalty shall be remitted to the general fund of the county.

Alabama § 40-10-200 (Financial Interest by Certain Officers or Employees in Purchase of Tax Lien Sold for Delinquent Taxes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.