342. Where immovables in the territory of a school service centre are put up for sale for non-payment of school taxes, the school service centre may bid for and purchase immovables through its chair or another person authorized by the school service centre, without being bound to pay the purchase price forthwith.
The school service centre may also bid for and purchase those immovables at any sale under judicial authority or any other sale having the effect of a sale under judicial authority.
In no case, however, may the bid of the school service centre exceed the amount of the school taxes in principal, interest and costs, plus a sufficient amount to satisfy any prior claim of prior or equal rank to the school taxes, in which case the school service centre shall pay the purchase price in the same manner as any other bidder.
1988, c. 84, s. 342; 1992, c. 57, s. 595; 2008, c. 29, s. 34; I.N. 2016-01-01 (NCCP); 2020, c. 12020, c. 1, s. 3121.