Effect of certificate of sale of personal property and deed of real property

Checkout our iOS App for a better way to browser and research.

    • Certificate of sale of property other than real property

      • (a) In all cases of sale pursuant to section 1055 of this title of property (other than real property), the certificate of such sale—

        • (1) As evidence. Shall be prima facie evidence of the right of the officer to make such sale, and conclusive evidence of the regularity of his proceedings in making the sale;

        • (2) As conveyances. Shall transfer to the purchaser all right, title, and interest of the party delinquent in and to the property sold;

        • (3) As authority for transfer of corporate stock. If such property consists of stocks, shall be notice, when received, to any corporation, company, or association of such transfer, and shall be authority to such corporation, company, or association to record the transfer of its books and records in the same manner as if the stocks were transferred or assigned by the party holding the same, in lieu of any original or prior certificate, which shall be void, whether canceled or not;

        • (4) As receipts. If the subject of sale is securities or other evidences of debt, shall be a good and valid receipt to the person holding the same, as against any person holding or claiming to hold possession of such securities or other evidences of debt; and

        • (5) As authority for transfer of title to motor vehicle. If such property consists of a motor vehicle, shall be notice, when received, to any public official charged with the registration of title to motor vehicles, of such transfer and shall be authority to such official to record the transfer on his books and records in the same manner as if the certificate of title to such motor vehicle were transferred or assigned by the party holding the same, in lieu of any original or prior certificate, which shall be void, whether canceled or not.

    • Deed of real property

      • (b) In the case of the sale of real property pursuant to section 1055 of this title—

        • (1) Deed as evidence. The deed of sale given pursuant to section 1055 of this title shall be prima facie evidence of the facts therein stated; and

        • (2) Deed of conveyance of title. If the proceedings of the Director as set forth have been substantially in accordance with the provisions of law, such deed shall be considered and operate as a conveyance of all the right, title, and interest the party delinquent had in and to the real property thus sold at the time the lien of the government of the United States Virgin Islands attached thereto.


Download our app to see the most-to-date content.