253.545. Definitions. - Missouri Statutes

Definitions.

253.545. As used in sections 253.545 to 253.559, the following termsmean, unless the context requires otherwise:

(1) "Certified historic structure", a property located in Missouriand listed individually on the National Register of Historic Places;

(2) "Deed in lieu of foreclosure or voluntary conveyance", a transferof title from a borrower to the lender to satisfy the mortgage debt andavoid foreclosure;

(3) "Eligible property", property located in Missouri and offered orused for residential or business purposes;

(4) "Leasehold interest", a lease in an eligible property for a termof not less than thirty years;

(5) "Principal", a managing partner, general partner, or president ofa taxpayer;

(6) "Structure in a certified historic district", a structure locatedin Missouri which is certified by the department of natural resources ascontributing to the historic significance of a certified historic districtlisted on the National Register of Historic Places, or a local districtthat has been certified by the United States Department of the Interior;

(7) "Taxpayer", any person, firm, partnership, trust, estate, limitedliability company, or corporation.

(L. 1997 2d Ex. Sess. S.B. 1, A.L. 2009 H.B. 191)

Effective 6-04-09