Providing that a secured party may elect to satisfy a tax lien on secured property under specified circumstances; providing that a specified statutory lien shall be released under specified circumstances; requiring the secured party to send specified written notice under specified circumstances; requiring a secured party to pay a specified portion of personal property taxes owed, including a specified share of penalties and interest, in a specified manner; etc.
Bill File Type: Regular
Effective Date(s): June 1, 2013
Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
( 14-805 )
Last Updated: 2/3/2020 2:27 PM