Title XXIX — OWNERSHIP AND CONVEYANCE OF PROPERTY

447.587. Safe deposit box contents that become unclaimed property — right to fees, charges and authority to enforce possessory liens. — 1. Notwithstanding any law to the contrary, including sections 447.500 to 447.595, a banking organization as defined in section 447.503 may reta…

447.595. Bond required for arrest warrantor, probation or civil cash bond, proceeds deemed unclaimed property, when. — Where a person or party is required by the terms of an arrest warrant or of his probation to post a cash bond or cash probation bond or a civil cash bond ordered…

447.620. Definitions. — As used in sections 447.620 to 447.640, the following terms mean: (1) "Housing code", a local building, fire, health, property maintenance, nuisance, or other ordinance which contains standards regulating the condition or maintenance of residential buildin…

447.622. Petition, requirements. — Any organization may petition to have property declared abandoned pursuant to the provisions of sections 447.620 to 447.640 and for temporary possession of such property, if: (1) The property has been continuously unoccupied by persons legally e…

447.624. Proceeding, where commenced, procedure. — The proceedings shall be commenced by filing a verified petition in the circuit court in the county in which the property is located. The petition shall allege that the property meets the conditions to be declared abandoned pursu…

447.625. Procedures in home rule cities. — 1. Any petition filed under the provisions of sections 447.620 to 447.640 which pertains to property located within any home rule city shall meet the requirements of this section. 2. Summons shall be issued and service of process shall b…

447.626. Expeditious treatment. — Any action brought pursuant to the provisions of sections 447.620 to 447.640 shall be expedited by the court and may be given precedence over other suits. Trial shall be by the court without a jury. ­­-------- (L. 1993 S.B. 376 § 4)

447.628. Notice of pendency of suit, effect. — In any civil action brought pursuant to the provisions of sections 447.620 to 447.640, the plaintiff shall file for record, with the recorder of deeds of the county in which any such real estate is situated, a written notice of the p…

447.630. Hearing, plan of rehabilitation. — The court shall hold a hearing on the organization's petition at which time the organization shall submit to the court a plan for the rehabilitation of the property and present evidence that the organization has adequate resources to re…

447.632. Grant of petition, requirements. — The court shall grant the organization's petition if the court finds that the conditions alleged by the plaintiff as specified in section 447.622 existed at the time the verified petition was filed in the circuit court, that the plan fo…

447.634. Grant of temporary possession. — If the court grants the petition, the court shall enter an order approving the rehabilitation plan and granting temporary possession of the property to the organization. The organization may, subject to court approval, enter into leases o…

447.636. Quarterly report. — The organization shall file a quarterly report of its rehabilitation and use of the property, including a statement of all expenditures made by the organization and all income and receipts from the property for the preceding quarters. ­­-------- (L. 1…

447.638. Restoration of possession, compensation. — The owner may petition the circuit court for restoration of possession of the property and, upon due notice to the plaintiff organization, for a hearing on such petition. At the hearing, the court shall determine whether the own…

447.640. Quitclaim judicial deed may be granted, conditions, effect. — If an owner does not regain possession of the property in the one-year period following entry of an order granting temporary possession of the property to the organization, the organization may file a petition…

447.700. Definitions. — As used in sections 447.700 to 447.718, the following terms mean: (1) "Abandoned property", real property previously used for, or which has the potential to be used for, commercial or industrial purposes which reverted to the ownership of the state, a coun…

447.701. Eligible projects, director's duties — owner to repay, when. — 1. The director of the department of economic development may consider the direct and indirect economic benefits projected to be provided by the eligible project. An applicant for funding or tax credit and ex…

447.702. Department loans to eligible projects, guidelines, conditions. — 1. The director of economic development, with the approval of the director of the department of natural resources, subject to the other provisions of sections 447.700 to 447.718, may lend moneys in the prop…

447.704. Loan guarantees, guidelines, conditions — private lender immune from liability, when. — 1. The director of economic development, with the approval of the director of the department of natural resources, subject to other applicable provisions of sections 447.700 to 447.71…

447.706. Grants, guidelines, conditions. — 1. The director of economic development, with the approval of the director of the department of natural resources, subject to other applicable provisions of sections 447.700 to 447.718, may issue a grant to a governmental* agency for the…

447.708. Tax credits, criteria, conditions — definitions — eligibility of certain demolition costs. — 1. For eligible projects, the director of the department of economic development, with notice to the directors of the departments of natural resources and revenue, and subject to…

447.710. Property reuse revolving fund — lapse into general revenue prohibited — investment of fund. — 1. There is hereby created in the state treasury a fund to be known as the "Property Reuse Revolving Fund". The property reuse fund is intended to provide ten million dollars an…

447.712. Tort immunity. — 1. As used in this section, the following terms shall mean: (1) "Harm", injury, damage, restitution, death or loss to persons or property, including equitable damages or injunctive relief, caused by or arising out of exposure to a hazardous substance or …

447.714. Hazardous substances on property, duties of purchaser — department of natural resources, duties. — 1. For any eligible project, the purchaser of the abandoned property shall be released from further liability to the extent described in subsection 2 of this section based …

447.716. Failure of purchaser to perform, sanctions. — 1. Any person who agrees to purchase abandoned property as part of a qualified project and subsequently breaches the agreement or fails to use the property reuse fund moneys for allowable costs may be responsible for immediat…

447.718. Rulemaking authority, procedure. — 1. The department of economic development may promulgate rules and regulations necessary to administer the provisions of sections 447.700 to 447.718. 2. No rule or portion of a rule promulgated under the authority of sections 447.700 to…