Section 141.1003 – Same rights as private property owners.
Effective – 28 Aug 2012 141.1003. Same rights as private property owners. — Except as otherwise expressly set forth in this chapter, in the exercise of its powers and duties under this chapter and its powers relating to property held by the land bank agency, the land bank agency shall have complete control of such […]
Section 141.1006 – Encumbered ancillary property, taxes may be contributed to land bank agency by taxing authority.
Effective – 28 Aug 2012 141.1006. Encumbered ancillary property, taxes may be contributed to land bank agency by taxing authority. — 1. Whenever any ancillary parcel is acquired by a land bank agency and is encumbered by a lien or claim for real property taxes owed to a taxing authority, such taxing authority may elect […]
Section 141.1009 – Quiet title action, when, procedure.
Effective – 28 Aug 2012 141.1009. Quiet title action, when, procedure. — 1. A land bank agency shall be authorized to file an action to quiet title pursuant to section 527.150 as to any real property in which the land bank agency has an interest. For purposes of any and all such actions the land […]
Section 141.1012 – Dissolution, procedure.
Effective – 28 Aug 2012 141.1012. Dissolution, procedure. — A land bank agency may be dissolved as a public body corporate and politic not less than sixty calendar days’ after an ordinance or resolution for such dissolution is passed by the municipality that established the land bank agency. Not less than sixty calendar days’ advance […]
Section 141.1015 – Power of eminent domain or to tax not authorized.
Effective – 28 Aug 2012 141.1015. Power of eminent domain or to tax not authorized. — A land bank agency shall neither possess nor exercise the power of eminent domain. A land bank agency shall not have the power to tax. ——– (L. 2012 H.B. 1659 & 1116)
Section 141.981 – Board of commissioners, terms, vacancies, powers, meetings — surety bond required, when — oath — immunity from liability — vote by proxy prohibited.
Effective – 28 Aug 2012 141.981. Board of commissioners, terms, vacancies, powers, meetings — surety bond required, when — oath — immunity from liability — vote by proxy prohibited. — 1. A land bank agency shall be composed of a board of commissioners which shall consist of five members, one of whom shall be appointed […]
Section 141.982 – Employees authorized — contracts and agreements authorized.
Effective – 28 Aug 2012 141.982. Employees authorized — contracts and agreements authorized. — A land bank agency may employ a secretary, an executive director, its own counsel and legal staff, and such technical experts, and such other agents and employees, permanent or temporary, as it may require, and may determine the qualifications and fix […]
Section 141.983 – Powers.
Effective – 28 Aug 2012 141.983. Powers. — Subject to the other provisions of this chapter and all other applicable laws, a land bank agency established under this chapter shall have all powers necessary or appropriate to carry out and effectuate the purposes and provisions of this chapter as they relate to a land bank […]
Section 141.984 – Transfer of title of certain property, when — income to be tax-exempt — acquisition of property.
Effective – 28 Aug 2012 141.984. Transfer of title of certain property, when — income to be tax-exempt — acquisition of property. — 1. Within one year of the effective date of the ordinance or resolution passed establishing a land bank agency under this chapter, title to any real property held by a land trust […]
Section 141.985 – Name on property held — inventory to be available to public — policies and procedures — proceeds of sale, how distributed.
Effective – 28 Aug 2012 141.985. Name on property held — inventory to be available to public — policies and procedures — proceeds of sale, how distributed. — 1. A land bank agency shall hold in its own name all real property acquired by such land bank agency irrespective of the identity of the transferor […]