§ 4711. Maintenance of property.
§ 4711. Maintenance of property. (a) The land bank shall maintain all of its real property in accordance with the laws and regulations of the jurisdiction in which the real property is situated. (b) Notwithstanding subsection (a) of this section, the foreclosing governmental unit may elect to reduce or waive monetary fines for violations of […]
§ 4712. Delinquent property enforcement.
§ 4712. Delinquent property enforcement. (a) All powers of foreclosing governmental units preserved. — A foreclosing governmental unit may bring to public sale any real property within its jurisdiction that has liens inuring to the foreclosing governmental unit in accordance with applicable laws. (b) Sale of liens and assessments to land banks permitted. — A […]
§ 4713. Expedited quiet title proceedings.
§ 4713. Expedited quiet title proceedings. (a) As provided under § 6502 of Title 10, the land bank shall: (1) Be authorized to file an action to quiet title as to any real property in which the land bank has standing to file such an action. (2) Prior to the filing of an action to […]
§ 4714. Taxing and financing of land bank operations.
§ 4714. Taxing and financing of land bank operations. (a) A land bank shall have no shareholders and may not be structured as a for-profit entity. A land bank may receive and retain payments for services rendered, for rents and leasehold payments received, for consideration for disposition of real and personal property, for proceeds of […]
§ 4715. Public records and public meetings.
§ 4715. Public records and public meetings. (a) The board shall cause minutes and a record to be kept of all its proceedings. Except as otherwise provided in this section, the land bank shall be subject to the provisions of Chapter 100 of Title 29. (b) A land bank shall schedule and hold a public […]
§ 4716. Dissolution of land bank.
§ 4716. Dissolution of land bank. (a) A land bank may be dissolved within 60 calendar days after the adoption of an affirmative resolution approved by 2/3 of the membership of the board of directors authorizing such dissolution. Sixty calendar days’ advance written notice of consideration of a resolution of dissolution shall be given to […]
§ 4717. Conflicts of interest.
§ 4717. Conflicts of interest. (a) No member of the board or employee of a land bank shall acquire any interest, direct or indirect, in real property of the land bank, in any real property to be acquired by the land bank, or in any real property to be acquired from the land bank. No […]
§ 4718. Construction, intent, and scope of chapter.
§ 4718. Construction, intent, and scope of chapter. This chapter shall be construed liberally to effectuate the legislative intent and purposes and all powers granted by this chapter shall be broadly interpreted to effectuate such intent and purposes. Except as otherwise expressly set forth in this chapter, in the exercise of its powers and duties […]
§ 4719. Duration and termination.
§ 4719. Duration and termination. Any land bank created pursuant to this chapter shall have permanent and perpetual duration until terminated and dissolved in accordance with § 4716 of this title and subchapter X, Chapter 1 of Title 8. 80 Del. Laws, c. 155, § 1;
§ 4534. Conveyance to federal government on default.
§ 4534. Conveyance to federal government on default. In any contract for financial assistance with the federal government the authority may obligate itself (which obligation shall be specifically enforceable and shall not constitute a mortgage, notwithstanding any other laws) to convey to the federal government possession of or title to the redevelopment project and land […]