(1) If any bond or interest coupon on a bond issued by a special road and bridge district
is not paid within 60 days after it matures, a receiver may be appointed in the same
manner as in s. 298.51. The qualifications, duties, and powers of the receiver shall be the same as those
provided in s. 298.51. Pursuant to an order of a court of competent jurisdiction, the receiver may, to
the same extent and subject to the same limitations, levy, assess, and collect any
tax or special assessment which the commissioners may levy, assess, and collect for
special road and bridge district purposes.
(2) Notwithstanding the provisions of s. 197.552, if a tax deed is issued on any property within the district after a receiver has
been appointed under subsection (1), the claim of a person holding a bond or interest
coupon on a bond described in subsection (1) shall survive the issuance of such tax
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.