141.700. Creation of land trust — powers, generally.
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/mo/chapter-141/141-700A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
141.700. Creation of land trust — powers, generally. — In all counties electing to operate under sections 141.210 to 141.810 prior to January 1, 2025, there is hereby created a commission for the management, sale and other disposition of tax delinquent lands, which commission shall be known as "The Land Trust of ______ County, Missouri", and the members thereof shall be known as land trustees. Such land trust shall have and exercise all the powers that are conferred by sections 141.210 to 141.810 necessary and incidental to the effective management, sale or other disposition of real estate acquired under and by virtue of the foreclosure of the lien for delinquent real estate taxes, as provided in said sections, and in the exercise of such powers, the land trust shall be deemed to be a public corporation acting in a governmental capacity.
Where a county has elected to establish a land bank agency under subsection 1 of section 140.981 , no such land trust shall be created under sections 141.700 to 141.810 .
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(L. 1943 p. 1029 § 36, A.L. 1949 p. 602, A.L. 2024 H.B. 2062)