(a) The owner may redeem from the purchaser any time within one (1) year after the sale by paying the purchaser the amount paid by the purchaser with twenty percent (20%) thereon, which redemption shall be noted upon the margin of the decree by the purchaser.
(b)
(1) If the purchaser cannot be found, the court may redeem by paying the amount to the clerk of the court wherein the decree is rendered, who shall then note the redemption as aforesaid.
(2) The clerk shall hold the redemption money subject to the order of the purchaser, free of charge or commission, and pay it over on demand.
(3) If the redemption money is not called for in twenty (20) days, the clerk shall advertise the receipt of the money by a notice inserted one (1) time in some newspaper published in the county.
Structure Arkansas Code
Subtitle 5 - Postsecondary and Higher Education Generally
Chapter 71 - Improvement Districts for Colleges and Universities
§ 6-71-103. City of first class — Special improvement district
§ 6-71-104. Management commission
§ 6-71-105. Public notice of passage of chapter — Methods of approval
§ 6-71-106. Multidistrict counties
§ 6-71-107. Board of assessors — Assessment procedure
§ 6-71-108. Apportionment of assessments — Annual installments
§ 6-71-109. Assessment as lien on real property
§ 6-71-111. Limitation on assessments
§ 6-71-112. Assessment of railroads, tramroads, etc
§ 6-71-113. Maintenance assessments
§ 6-71-114. Collector and treasurer
§ 6-71-115. Borrowing of money — Bonds
§ 6-71-116. Warrant for collection of assessments — Form
§ 6-71-117. Publication of notice for collection
§ 6-71-118. Delinquent assessment — Penalty
§ 6-71-119. Suit to enforce lien
§ 6-71-120. Exhibition of resolutions or documents unnecessary
§ 6-71-121. Suits against several owners may be joined
§ 6-71-122. Owner as defendant — Proceedings in rem
§ 6-71-123. Summons — Return day — Default
§ 6-71-124. Constructive service
§ 6-71-125. Suits have precedence over other cases
§ 6-71-127. Suit in name of district
§ 6-71-128. Direction for sale of property
§ 6-71-129. Correction of description of property
§ 6-71-130. Commissioner's deed to purchaser
§ 6-71-131. Sale to best bidder or district
§ 6-71-132. Allowance to special commissioner for sale of land
§ 6-71-133. Certificate of purchase
§ 6-71-135. Reimbursement for assessments paid by purchaser
§ 6-71-136. Appeals to Supreme Court
§ 6-71-137. Notice by publication
§ 6-71-138. Appointment of guardian ad litem
§ 6-71-139. Power to hold and acquire property