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MO SB391
Bill
Status
2/3/2015
Primary Sponsor
Shalonn Curls
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AI Summary
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Allows counties, municipalities, local housing corporations, and neighborhood associations to petition for court-appointed receivers to abate code violations on both occupied and vacant residential properties that threaten public health, safety, or welfare
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Grants receivers authority to sell properties through public auction or private sale with court approval, with proceeds distributed in priority order: receiver certificates, receivership costs, delinquent taxes, pre-receivership lienholders, then the property owner
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Reduces the abandonment timeline from two years to one year, after which courts may declare the property abandoned and transfer title to the receiver or a nonprofit corporation via quit claim judicial deed
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Eliminates the bond requirement for court-appointed receivers and requires receivers to file quarterly reports detailing all expenditures and income from the property
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Expands the definition of "neighborhood association" by removing the requirement that it be the sole recognized association for a geographic area and removing the "sole purpose" limitation on its organizational mission
Legislative Description
Modifies residential property receivership
Last Action
Second Read and Referred S Financial and Governmental Organizations and Elections Committee
2/24/2015