141.700. Creation of land trust--powers, generally (first class charter counties). - Missouri Statutes

Creation of land trust--powers, generally (first class chartercounties).

141.700. There is hereby created a commission for themanagement, 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 landtrustees. Such land trust shall have and exercise all the powersthat are conferred by sections 141.210 to 141.810 necessary andincidental to the effective management, sale or other dispositionof real estate acquired under and by virtue of the foreclosure ofthe lien for delinquent real estate taxes, as provided in saidsections, and in the exercise of such powers, the land trustshall be deemed to be a public corporation acting in agovernmental capacity.

(L. 1943 p. 1029 § 36, A.L. 1949 p. 602)