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What is NYC AC § 11-420?

Quick Answer

This section establishes that lands acquired by the city through foreclosure are considered held for public use for up to three years, unless used for non-municipal purposes. The statute authorizes the city to sell these lands in accordance with existing laws governing the sale of city-owned real property. Applies to city authorities managing acquired lands.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 11-420 Lands held for public use; right of sale.

AC § 11-420

Whenever the city shall become vested with the title to lands by virtue of a foreclosure proceeding brought pursuant to the provisions of this chapter, such lands shall, unless actually used for other than municipal purposes, be deemed to be held by the city for a public use but for a period of not more than three years from the date of the final judgment. The city is hereby authorized to sell and convey such lands in the manner provided by law for the sale and conveyance of other real property held and owned by the city and not otherwise.

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