21-48A-5. Redemption of real property by junior lienholder--Quit claim deed.
A lienholder of record may redeem real property which has been foreclosed by a mortgagee pursuant to this chapter. The redemption shall be made pursuant to §21-52-14. Upon payment, the mortgagee shall convey the property by quit claim deed to the redeeming junior lienholder.
Source: SL 1991, ch 185, §5.