Cessation Upon Approval of Bond

Act 2 of 1971, § 2174, under TAX REFORM CODE OF 1971.

Act 2 of 1971, § 2174

Section 2174. Cessation Upon Approval of Bond.--Upon approval of a bond for the payment of taxes imposed upon a transfer, the lien upon the real property shall cease. The amount of the bond shall not exceed the value of the real property transferred.

(2174 added Aug. 4, 1991, P.L.97, No.22)