Improvement district; acceptance of deed in lieu of

foreclosure. In lieu of the foreclosure of a lien against any tract or parcel of land which is delinquent in the payment of an assessment or installment of an assessment for a period of more than one year, a municipality may accept a deed to the property subject to the lien if the owner of the property tenders the deed to the municipality. History: 1953 Comp., § 14-32-20, enacted by Laws 1965, ch. 300.