Connecticut § 48-25 - Installment payment of awards or sale price.
Full text of Connecticut Connecticut General Statutes § 48-25 — Installment payment of awards or sale price., with citation guidance and answers to common questions.
§ 48-25. Installment payment of awards or sale price.
Sec. 48-25. Installment payment of awards or sale price. When any property is taken in eminent domain proceedings under the authority of any general statute or special act or is voluntarily sold to any purchaser having such eminent domain power, the owner or owners of the equity in such property may elect, in writing, to accept payment of any damages finally determined as payable to such owner or owners, or of the sale price mutually agreed upon, in annual installments over such period as the owner or owners and the taker or purchaser may determine, provided such damages or sale price exceeds three thousand dollars and provided no interest shall be payable on the unpaid balance of any such damages or sale price. The taker or purchaser of such property shall execute a statement of indebtedness setting forth the time for payment which shall bear no interest to such owner or owners as evidence of its indebtedness.
(1961, P.A. 290.)
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 48-25
What does Connecticut General Statutes § 48-25 cover?
Section 48-25 ("Installment payment of awards or sale price.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 48-25?
A common citation format is "Connecticut General Statutes § 48-25" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 48-25 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.