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MO SB391

Bill

Status

Introduced

2/3/2015

Primary Sponsor

Shalonn Curls

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Origin

Senate

2015 Regular Session

AI Summary

  • 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

  • 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

  • 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

  • Eliminates the bond requirement for court-appointed receivers and requires receivers to file quarterly reports detailing all expenditures and income from the property

  • 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

Committee Referrals

Financial And Governmental Organizations And Elections2/24/2015

Full Bill Text

No bill text available