reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.572 - Examination of records by treasurer and persons authorized, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1998
447.572. Examination of records by treasurer and persons authorized, when. —
The treasurer may at reasonable times and upon reasonable notice examine the records of any person if the treasurer has reason to believe that such person has failed to report property that should have been reported pursuant to sections 447.500 to 447.595; provided, however, that examination of the records of any person or entity subject to the supervision of the divisions of finance, credit unions, the department of commerce and insurance, or the public service commission shall be made by the chief officer of the respective agency at the request of the treasurer. Such examination by the chief officer of the respective agency may be delegated to the chief officer's full-time employees, who otherwise examine the specific listed institution regulated by such agency. Such chief officer of the respective agency shall certify in writing to the treasurer and the institution under examination when the chief officer has reason to believe that such institution has failed to report property that should have been reported pursuant to sections 447.500 to 447.595. In such case the treasurer may examine such institution. The communications between such chief officers and the treasurer concerning this section shall be considered exceptions to any applicable confidentiality statutes. The treasurer may delegate any duty imposed upon the treasurer pursuant to the provisions of sections 447.500 to 447.595 to such other agency employees as the treasurer deems appropriate.
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(L. 1984 H.B. 1088 § 22, A.L. 1989 H.B. 506, A.L. 1993 H.B. 566, A.L. 1994 H.B. 1165 merged with S.B. 757, A.L. 1998 H.B. 1510)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.575 - Enforcing delivery, court action.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 01 Jul 1994, see footnote
447.575. Enforcing delivery, court action. —
If any person refuses to deliver property to the state as required under sections 447.500 to 447.595, the treasurer shall bring an action in a court of appropriate jurisdiction to enforce such delivery.
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(L. 1984 H.B. 1088 § 23, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757)
Effective 7-01-94
(2002) Section constitutes unconstitutional delegation of power to the State Treasurer to collect property in violation of Article IV, Section 15 of the Missouri Constitution. Farmer v. Kinder, 89 S.W.3d 447 (Mo.banc).
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.577 - Reports — payment or delivery of property, failure to make — false statements in report — penalties.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1998
447.577. Reports — payment or delivery of property, failure to make — false statements in report — penalties. —
1. Any person who intentionally fails to render any report or perform other duties required pursuant to sections 447.500 to 447.595 may be assessed a penalty of five percent of the total value of the property at issue, but not less than one hundred dollars, for each month the report is not filed or duty not performed, up to twenty-five percent of the total value of the property at issue. Any penalty imposed pursuant to this subsection shall be in lieu of, and not in addition to, other penalties established pursuant to sections 447.500 to 447.595.
2. Any person who intentionally refuses to pay or deliver abandoned property as required pursuant to sections 447.500 to 447.595 may be assessed a penalty of not less than one hundred dollars per day, not to exceed a maximum of ten thousand dollars, and shall be guilty of a class A misdemeanor.
3. Any person who intentionally makes a false statement in any report required pursuant to sections 447.500 to 447.595 may be fined not less than one hundred dollars nor more than ten thousand dollars and shall be guilty of a class B misdemeanor.
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(L. 1984 H.B. 1088 § 24, A.L. 1994 S.B. 757, A.L. 1998 H.B. 1510)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.579 - Rules authorized.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 01 Jul 1994, see footnote
447.579. Rules authorized. —
The treasurer is hereby authorized to make necessary rules and regulations to carry out the provisions of sections 447.500 to 447.595.
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(L. 1984 H.B. 1088 § 25, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757)
Effective 7-01-94
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.583 - Reciprocal agreements with other states — attorney general's duties, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 01 Jul 1994, see footnote
447.583. Reciprocal agreements with other states — attorney general's duties, when. —
1. The treasurer may enter into reciprocal agreements with other states to provide information needed to determine what abandoned property such states may be entitled to escheat if such other states or officials thereof agree to provide this state with information needed to enable this state to determine what abandoned property it may be entitled to escheat.
2. At the request of another state, the attorney general of this state may bring an action in the name of the other state, in any court of appropriate jurisdiction within this state, to enforce the abandoned property laws of the other state against a holder in this state of property subject to escheat by the other state if:
(1) The courts of the other state cannot obtain jurisdiction over the holder;
(2) The other state has agreed to bring actions in the name of this state at the request of the attorney general of this state to enforce the provisions of sections 447.500 to 447.595 against any person in the other state believed by the treasurer to hold property subject to escheat under the provisions of sections 447.500 to 447.595 when the courts of this state cannot obtain jurisdiction over such person;
(3) The other state has agreed to pay reasonable costs incurred by the attorney general in bringing the action; and
(4) The other state's laws do not require the holder to a greater duty than that provided in sections 447.500 to 447.595.
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(L. 1984 H.B. 1088 § 28, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757)
Effective 7-01-94
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.584 - Agreements — property held by business entities in other states or governmental entities — treasurer, duties — fees.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 08 Jul 2014, see footnote
447.584. Agreements — property held by business entities in other states or governmental entities — treasurer, duties — fees. —
The treasurer, with the approval of the governor, may enter into agreements with any person, firm or corporation to assist in the identification, collection, and processing of abandoned or escheated property held by any business entity domiciled and located in another state or any governmental entity. The treasurer may agree to pay a fee for such services based in whole or in part on a percentage of the value of any property received pursuant to such agreements. Any expenses paid pursuant to this section may not be deducted from the amount subject to claim under sections 447.500 to 447.595.
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(L. 1986 H.B. 1547, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757, A.L. 2014 H.B. 1075 merged with H.B. 1693 merged with S.B. 621)
Effective 6-27-14 (H.B. 1693); 7-08-14 (H.B. 1075); 7-08-14 (S.B. 621)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.585 - Another state may recover property from state of Missouri, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 01 Jul 1994, see footnote
447.585. Another state may recover property from state of Missouri, when. —
1. At any time after property has been paid for or delivered to the state under the provisions of sections 447.500 to 447.595, another state is entitled to recover the property if:
(1) The last known address of the apparent owner of the property appearing on the records of the holder is in such other state and, under the laws of that state, the property has escheated to that state;
(2) The property is the sum payable on a traveler's check, money order, or other similar instrument that escheated to this state and the traveler's check, money order, or other similar instrument was in fact purchased in such other state, and, under the laws of that state, the property escheated to that state; or
(3) The property is funds held or owing by a life insurance corporation that escheated to this state pursuant to sections 447.500 to 447.595, the last known address of the person entitled to the funds was in fact in such other state, and, under the laws of that state, the property escheated to that state.
2. The claim of another state to recover escheated property under the provisions of this section shall be presented in writing to the treasurer, who shall treat the claim as if it were filed under section 447.562.
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(L. 1984 H.B. 1088 § 29, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757)
Effective 7-01-94
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.587 - Safe deposit box contents that become unclaimed property — right to fees, charges and authority to enforce possessory liens.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 01 Jul 1994, see footnote
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 retain any fees and charges, including enforcing possessory liens for such fees and charges permitted by safe deposit law or the banking organization's safe deposit box contract, when the contents of the safe deposit box becomes unclaimed property.
2. Notwithstanding any law to the contrary, including sections 447.500 to 447.595, a financial organization as defined in section 447.503 may retain any fees and charges, including enforcing possessory liens for such fees and charges permitted by safe deposit law or the financial organization's safe deposit box contract, when the contents of the safe deposit box becomes unclaimed property.
3. Notwithstanding any law to the contrary, including sections 447.500 to 447.595, a business association as defined in section 447.503 may retain any fees and charges, including enforcing possessory liens for such fees and charges permitted by safe deposit law or the business association's safe deposit box contract, when the contents of the safe deposit box becomes unclaimed property.
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(L. 1989 H.B. 506 §§ 1, 2, 3, A.L. 1994 S.B. 757)
Effective 7-01-94
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.595 - Bond required for arrest warrantor, probation or civil cash bond, proceeds deemed unclaimed property, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 01 Jul 1994, see footnote
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 by the court, the court shall return the bond, less any outstanding court costs, to such person or party upon the termination of the court proceedings or probation period. If such person or party does not claim the bond proceeds within one year of the date of final court action or termination of his probation period, the court shall transfer the cash bond or cash probation bond to the treasurer for disposition pursuant to sections 447.500 to 447.595.
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(L. 1989 H.B. 506 § 4, A.L. 1993 H.B. 566, A.L. 1994 S.B. 757)
Effective 7-01-94
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.620 - Definitions.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2005, 2 histories
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 buildings;
(2)
"Last known address"
, the address where the property is located or the address as listed in the property tax records;
(3)
"Municipality"
, any incorporated city, town, or village;
(4)
"Nuisance"
, any property which because of its physical condition or use is a public nuisance or any property which constitutes a blight on the surrounding area or any property which is in violation of the applicable housing code such that it constitutes a substantial threat to the life, health, or safety of the public. For purposes of sections 447.620 to 447.640, any declaration of a public nuisance by a municipality pursuant to an ordinance adopted pursuant to sections 67.400 to 67.450 shall constitute prima facie evidence that the property is a nuisance;
(5)
"Organization"
, any Missouri not-for-profit organization validly organized pursuant to law and whose purpose includes the provision or enhancement of housing opportunities in its community and which has been incorporated for at least six months;
(6)
"Parties in interest"
, any owner or owners of record, occupant, lessee, mortgagee, trustee, personal representative, agent, or other party having an interest in the property as shown by the land records of the recorder of deeds of the county wherein the property is located, except in any municipality contained wholly or partially within a county with a charter form of government and with more than six hundred thousand but less than seven hundred thousand inhabitants, "parties in interest" shall mean owners, lessees, mortgagees, or lienholders whose interest has been recorded or filed in the public records;
(7)
"Rehabilitation"
, the process of improving the property, including, but not limited to, bringing the property into compliance with the applicable housing code.
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(L. 1993 S.B. 376 § 1, A.L. 1998 H.B. 977 & 1608, A.L. 2002 H.B. 1634 merged with S.B. 1086 & 1126, A.L. 2005 H.B. 58)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.622 - Petition, requirements.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2005, 2 histories
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 entitled to possession for at least six months prior to the filing of the petition;
(2) The taxes are delinquent on the property;
(3) The property is a nuisance; and
(4) The organization intends to rehabilitate the property.
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(L. 1993 S.B. 376 § 2, A.L. 1994 S.B. 513, A.L. 2002 H.B. 1634 merged with S.B. 1086 & 1126, A.L. 2005 H.B. 58)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.624 - Proceeding, where commenced, procedure.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1993
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 pursuant to the provisions of section 447.622. All parties in interest of the property shall be named as defendants in the petition and summons shall be issued and service had as in other civil cases.
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(L. 1993 S.B. 376 § 3)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.625 - Procedures in home rule cities.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2005, 2 histories
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 be had as in other in rem or quasi in rem civil actions.
3. The petition shall contain a prayer for a court order approving the organization's rehabilitation plan and granting temporary possession of the property to the organization. The petition shall also contain a prayer for a sheriff's deed conveying title to the property to the organization upon the completion of rehabilitation when no owner has regained possession of the property pursuant to section 447.638.
4. The court shall stay any ruling on the organization's prayer for a sheriff's deed until rehabilitation has been completed.
5. The owner may file a motion for restoration of possession of the property prior to the completion of rehabilitation. The court shall determine whether to restore possession to the owner and proper compensation to the organization in the same manner as in section 447.638.
6. Upon completion of rehabilitation the organization may file a motion for sheriff's deed in place of a petition for judicial deed under section 447.640.
7. The provisions of sections 447.620 to 447.640 shall apply except where they are in conflict with this section.
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(L. 1998 H.B. 977 & 1608, A.L. 2002 H.B. 1634 merged with S.B. 1086 & 1126, A.L. 2005 H.B. 58)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.626 - Expeditious treatment.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1993
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.
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(L. 1993 S.B. 376 § 4)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.628 - Notice of pendency of suit, effect.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1993
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 pendency of the suit pursuant to the requirements of section 527.260. From the time of filing such notice the pendency of suit shall be constructive notice to persons thereafter acquiring an interest in the building.
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(L. 1993 S.B. 376 § 5)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.630 - Hearing, plan of rehabilitation.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1993
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 rehabilitate and thereafter manage the property. For the purpose of developing such a plan, representatives of the organization may be permitted entry into the property by the court at such time and on such terms as the court may deem appropriate. Any defendant shall be given an opportunity to show cause why such organization should not be allowed to rehabilitate the property.
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(L. 1993 S.B. 376 § 6)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.632 - Grant of petition, requirements.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2002
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 for the rehabilitation of the property submitted to the court by the plaintiff is feasible, and defendant has failed to demonstrate that the plaintiff should not be allowed to rehabilitate the property.
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(L. 1993 S.B. 376 § 7, A.L. 2002 H.B. 1634 merged with S.B. 1086 & 1126)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.634 - Grant of temporary possession.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1993
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 or other agreements in relation to the property.
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(L. 1993 S.B. 376 § 8)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.636 - Quarterly report.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2002
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.
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(L. 1993 S.B. 376 § 9, A.L. 2002 H.B. 1634 merged with S.B. 1086 & 1126)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.638 - Restoration of possession, compensation.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2002
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 owner has the capacity and the resources to complete rehabilitation of the property if such work has not been completed by the organization. If the court determines that the owner does not have the capacity or the resources to complete rehabilitation of the property, the court shall not restore possession to the owner. If the court determines that the rehabilitation work has been completed by the organization or that the owner has the capacity and the resources to complete the rehabilitation, the court shall then determine proper compensation to the organization for its expenditures, including management fees, based on the organization's reports to the court. The court, in determining the proper compensation to the organization, may consider income or receipts received from the property by the organization. After the owner pays the compensation to the organization as determined by the court, the owner shall resume possession of the property, subject to all existing rental agreements, whether written or verbal, entered into by the organization.
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(L. 1993 S.B. 376 § 10, A.L. 2002 H.B. 1634 merged with S.B. 1086 & 1126)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.640 - Quitclaim judicial deed may be granted, conditions, effect.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 2005, 2 histories
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 for judicial deed and, upon due notice to the named defendants, an order may be entered granting a quitclaim judicial deed to the organization. A conveyance by judicial deed shall operate to extinguish all existing ownership interests in, liens on, and other interest in the property, except tax liens. Any party in interest of the property shall present any claim for compensation prior to the entering of the court order conveying title to the organization.
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(L. 1993 S.B. 376 § 11, A.L. 1994 S.B. 513, A.L. 2002 H.B. 1634 merged with S.B. 1086 & 1126, A.L. 2005 H.B. 58)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.701 - Eligible projects, director's duties — owner to repay, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1998
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 exemption assistance pursuant to sections 447.702 to 447.708 may prepare and submit an estimate of the direct and indirect economic benefits in accordance with this section. The department of economic development may accept the applicant's projection of the economic benefit of the eligible project. The total amount of state funding, tax credits or tax exemptions for each eligible project shall be limited to the projected state economic benefit, as determined by the department of economic development.
2. In the event the owner sells the abandoned or underutilized property within a five-year period after the receipt of remediation tax credits, grants, loans or loan guarantee, subject to sections 447.700 to 447.718, the owner shall repay a portion of the tax credits and grant funds provided based on the percentage of the owner's investment for the project to the department of economic development's total financial assistance, upon achieving an annual internal rate of return of twenty-five percent. The internal rate of return calculation shall be documented by the owner's capital gains tax calculation. Owner investment is equity and debt for the eligible project.
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(L. 1998 S.B. 827)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.706 - Grants, guidelines, conditions.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 28 Aug 1998
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 purpose of paying the allowable costs of public capital improvements needed to cause an eligible project if:
(1) The project otherwise qualifies as an eligible project and is economically sound;
(2) The project proposed is a cooperative venture between a municipal or county government and a prospective private purchaser of the facility;
(3) The prospective purchaser is unable to finance the entire cost of the project through ordinary financial channels upon comparable terms and, further, a lender is unwilling to make the loan even with a loan guarantee pursuant to section 447.704. When completed, the eligible project is projected to create not less than ten new jobs, or shall retain a business which supplies not less than twenty-five existing jobs, or a combination thereof, providing not less than an average of thirty-five hours of employment per week per job. Such projection shall be made by the department of economic development; and
(4) The amount to be issued in a grant shall not exceed one million dollars.
2. The determinations of the director of economic development pursuant to subsection 1 of this section shall be conclusive for purposes of the validity of a grant agreement signed by the director.
3. Grants from the property reuse fund pursuant to this section shall be such as the director of economic development determines to be appropriate and in furtherance of the purpose for which the grants are made. The moneys used in making such grants shall be disbursed from the property reuse fund upon written order of the director of economic development. The director shall give special consideration in setting the required job creation ratios and project locations for project grants that are for voluntary remediation actions.
4. The director of economic development shall issue such grants to a governmental agency to administer and direct the expenditure of the funds for public capital improvements. Such grant money shall not be used to hire or pay additional employees of the recipient governmental agency.
5. The director of economic development may fix service charges for the
**
making of a property reuse grant. Such charges shall be payable at such times and place and in such amounts and manner as may be prescribed by the director.
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(L. 1995 H.B. 414, A.L. 1998 S.B. 827)
*Word "government" appears in original rolls.
**Word "the" does not appear in original rolls.
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 447 - Lost and Unclaimed Property › Section 447.710 - Property reuse revolving fund — lapse into general revenue prohibited — investment of fund.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 447
• Effective - 23 Dec 1997, see footnote
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 annually in uncommitted funds for direct loans, loan guarantees and grants. The revolving fund shall consist of all moneys which may be appropriated to it by the general assembly any gifts, contributions, grants or bequests received from federal, private or other sources, and moneys from the repayment of any loans or loan guarantees. Notwithstanding the provisions of section 33.080, no portion of the revolving fund shall be transferred to the general revenue fund at the end of any biennium.
2. At least annually, the state treasurer shall certify the amount deposited in the fund to the departments of economic development, natural resources and revenue.
3. Any portion of the property reuse revolving fund not immediately needed for the purposes authorized shall be invested by the state treasurer as provided by the constitution and laws of this state. All income from such investments shall be credited to the property reuse revolving fund.
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(L. 1995 H.B. 414, A.L. 1997 2d Ex. Sess. S.B. 1)
Effective 12-23-97
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 448 - Condominium Property › Section 448.005 - Title of law.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 448
• Effective - 28 Aug 1983
448.005. Title of law. —
Sections 448.005 to 448.210 shall be known and may be cited as the "Condominium Property Act".
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(L. 1983 H.B. 177)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 448 - Condominium Property › Section 448.010 - Definitions.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 448
• Effective - 28 Aug 1983
448.010. Definitions. —
As used in sections 448.005 to 448.210, unless the context otherwise requires, the following terms mean:
(1)
"Common elements"
, all portions of the property except the units;
(2)
"Declaration"
, the instrument and amendments thereto by which the property is submitted to the provisions of sections 448.005 to 448.210, as hereinafter provided, and the declaration as from time to time amended;
(3)
"Developer"
, the person, firm, or corporation who establishes a condominium through the recording of a declaration, bylaws, and plat. In the event the developer transfers the property prior to completion of the construction program, the developer shall include any transferee who acquires the property for purposes of completing the construction as shown on the plat or amended plats;
(4)
"Majority"
or
"majority of the unit owners"
, the owners of more than fifty percent in the aggregate in interest of the undivided ownership of the common elements. Any specified percentage of the unit owners means such percentage in the aggregate in interest of the undivided ownership;
(5)
"Parcel"
, the lot or lots, tract or tracts of land, including additional tracts added by subsequent amendment described in the declaration or amendments thereto, submitted to the provisions of sections 448.005 to 448.210;
(6)
"Person"
, a natural individual, corporation, partnership, trustee or other legal entity capable of holding title to real property;
(7)
"Plat"
, a plat or plats of survey or surveys together with amendments thereto of the parcel or parcels and of all units which are proposed for inclusion in the property or properties submitted to the provisions of sections 448.005 to 448.210, which plat or plats may consist of a three-dimensional horizontal and vertical delineation of all such units;
(8)
"Property"
, all the land, property or properties and space comprising the parcel or parcels, all improvements and structures erected, constructed or contained therein or thereon, including the building and all easements, rights and appurtenances belonging thereto, and all fixtures and equipment intended for the mutual use, benefit or enjoyment of the unit owners, submitted to the provisions of sections 448.005 to 448.210;
(9)
"Record"
, to record in the office of the recorder of deeds of the county wherein the property is located;
(10)
"Unit"
, a part of the property including one or more rooms, occupying one or more floors or a part or parts thereof, designed and intended for any type of independent use, and having lawful access to a public way;
(11)
"Unit owner"
, the person or persons whose estates or interests, individually or collectively, aggregate fee simple absolute ownership of a unit.
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(L. 1963 p. 648 § 2, A.L. 1969 H.B. 767, A.L. 1983 H.B. 177)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 448 - Condominium Property › Section 448.020 - Property submitted to condominium law by declaration.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 448
• Effective - 28 Aug 1983
448.020. Property submitted to condominium law by declaration. —
Whenever the owners in fee simple of a parcel intend to submit such property to the provisions of sections 448.005 to 448.210, they shall do so by recording a declaration, duly executed and acknowledged, expressly stating such intent and setting forth the particulars enumerated in section 448.030.
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(L. 1963 p. 648 § 3, A.L. 1983 H.B. 177)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 448 - Condominium Property › Section 448.030 - Declaration, contents — amendments.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 448
• Effective - 28 Aug 1983
448.030. Declaration, contents — amendments. —
1. The declaration shall set forth the following particulars:
(1) The legal description of the parcel or parcels;
(2) The legal description of each unit, which may consist of the identifying number or symbol of the unit as shown on the plat;
(3) The percentage of ownership interest in the common elements allocated to each unit. The percentages shall be computed by taking as a basis the value of each unit in relation to the value of the property as a whole, and having once been determined and set forth as herein provided, such percentages shall remain constant unless thereafter changed by agreement of all unit owners; except that, if there is a change in the number of units or in the size or dimensions of any units, the developer shall determine the changes required in the percentages of ownership by virtue of the changes in the number of units or in the size or dimensions of any units, and shall file of record in the office of the recorder of deeds in which the declaration was filed an instrument setting forth the changes in percentages of ownership;
(4) Such other lawful provisions not inconsistent with the provisions of sections 448.005 to 448.210 as the owners or developers may deem desirable in order to promote and preserve the cooperative aspect of ownership of the property and to facilitate the proper administration thereof.
2. The developer with the consent of all unit owners may file an amendment or amendments to the declaration to include an additional parcel or parcels or to delete any parcel or portion thereof and to change the number of units and to amend the percentage of ownership interests in the common elements allocated to each unit, but no amendment shall be made to include a parcel or parcels which are not contiguous to the parcel or parcels described in either the original declaration or amendments thereto. Parcels shall be considered to be contiguous although separated by roads or easements.
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(L. 1963 p. 648 § 4, A.L. 1969 H.B. 767, A.L. 1983 H.B. 177)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 448 - Condominium Property › Section 448.040 - Declaration and plat to be recorded — plat, contents — amendment may be recorded, when.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 448
• Effective - 28 Aug 1969
448.040. Declaration and plat to be recorded — plat, contents — amendment may be recorded, when. —
Simultaneously with the recording of the declaration there shall be recorded a plat as defined in section 448.010, which plat shall be made by a registered Missouri land surveyor and shall set forth all angular and linear data along the exterior boundaries of the parcel; the linear measurements and location, with reference to the exterior boundaries, of the building or buildings located or to be located on the parcel; and the elevations or proposed elevations at, above, or below official datum of the finished or unfinished interior surfaces of the floors and ceilings and the linear measurements of the actual or proposed finished or unfinished interior surfaces of the perimeter walls, and lateral extensions thereof, of every unit or proposed unit in the building or buildings, and the locations or proposed locations of such wall surfaces with respect to the exterior boundaries of the parcel projected vertically upward. Every such unit shall be identified on the plat by a distinguishing number or other symbol. If the plat is recorded as a separate document, a statement shall appear thereon identifying it with the declaration provided for in section 448.030, which statement shall be signed and acknowledged by the same persons executing the declaration. An amendment or amendments to a plat may be recorded by the developer to include an additional parcel or parcels and additional units or to delete any parcel or parcels and reduce the number of units or to reflect accurately any changes in the locations, elevations, measurements or dimensions of any prior recorded plat, provided all the unit owners have consented thereto.
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(L. 1963 p. 648 § 5, A.L. 1969 H.B. 767)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 448 - Condominium Property › Section 448.050 - Units can be conveyed — common elements, owned, how — units not to be separated or subdivided.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 448
• Effective - 28 Aug 1983
448.050. Units can be conveyed — common elements, owned, how — units not to be separated or subdivided. —
1. Upon compliance with sections 448.020, 448.030 and 448.040, and upon recording of the declaration and plat, the property shall become subject to the provisions of sections 448.005 to 448.210, and all units shall thereupon be capable of ownership in fee simple or any lesser estate, and may thereafter be conveyed, leased, mortgaged or otherwise dealt with in the same manner as other real property, but subject, however, to the limitations imposed by sections 448.005 to 448.210.
2. Each unit owner shall be entitled to the percentage of ownership in the common elements appertaining to such unit as computed and set forth in the declaration pursuant to subdivision (3) of section 448.030, and ownership of such unit and of the owner's corresponding percentage of ownership in the common elements shall not be separated, nor shall any unit, by deed, plat, court decree or otherwise, be subdivided or in any other manner separated into tracts or parcels smaller than the whole unit as shown on the plat.
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(L. 1963 p. 648 § 6, A.L. 1983 H.B. 177)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 448 - Condominium Property › Section 448.060 - Instrument affecting unit affects ownership of common elements.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 448
• Effective - 28 Aug 1963
448.060. Instrument affecting unit affects ownership of common elements. —
Every deed, lease, mortgage or other instrument may legally describe a unit by its identifying number or symbol as shown on the plat and as set forth in the declaration, and every such description shall be deemed good and sufficient for all purposes, and shall be deemed to convey, transfer, encumber or otherwise affect the owner's corresponding percentage of ownership in the common elements even though the same is not expressly mentioned or described therein.
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(L. 1963 p. 648 § 7)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 448 - Condominium Property › Section 448.070 - Common elements to remain undivided — exceptions.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 448
• Effective - 28 Aug 1983
448.070. Common elements to remain undivided — exceptions. —
As long as the property is subject to the provisions of sections 448.005 to 448.210 the common elements shall, except as provided in section 448.140, remain undivided, and no unit owner shall bring any action for partition or division of the common elements. Any covenant or agreement to the contrary shall be null and void. Nothing contained herein, however, shall prevent partition of a unit as between co-owners thereof, if such right of partition shall otherwise be available, but such partition shall not be in kind.
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(L. 1963 p. 648 § 8, A.L. 1983 H.B. 177)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 448 - Condominium Property › Section 448.090 - Liens, against what — consent, how given.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 448
• Effective - 28 Aug 1963
448.090. Liens, against what — consent, how given. —
1. In the event any lien exists against two or more units and the indebtedness secured by such lien is due and payable, the unit owner of any unit so affected may remove the unit and the undivided interest in the common elements appertaining thereto from the lien by payment of the proportional amount of the indebtedness which is attributable to such unit. In the event the lien exists against the property, the amount of such proportional payment shall be computed on the basis of the percentages set forth in the declaration. Upon payment as herein provided, the lienor shall execute and deliver to the unit owner a release of such unit and the undivided interest in the common elements appertaining thereto from the lien. Any such proportional payment and release shall not prevent the lienor from proceeding to enforce his rights against any unit or interest with respect to which the lien has not been so paid or released.
2. No labor performed or materials furnished with the consent of or at the request of a unit owner or his agent or his contractor or subcontractor shall be the basis for the filing of a lien against the interest of any other unit owner, or against any part thereof, unless such other owner has expressly consented to or requested the same. Express consent shall be deemed to have been given by the owner of any unit in the case of emergency repairs thereto. Labor performed or materials furnished for the common elements, if duly authorized by the board of managers, shall be deemed to be performed with the express consent of each unit owner and shall be the basis for the filing of a lien against the property, and shall be subject to the provisions of subsection 1.
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(L. 1963 p. 648 § 9A)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 448 - Condominium Property › Section 448.100 - Taxes, assessed and levied against units.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 448
• Effective - 28 Aug 1963
448.100. Taxes, assessed and levied against units. —
Real property taxes, special assessments, and any other special taxes or charges of the state of Missouri or of any political subdivision thereof, or other lawful taxing or assessing body, which are authorized by law to be assessed against and levied upon real property shall be assessed against and levied upon each unit and the owner's corresponding percentage of ownership in the common elements as a tract, and not upon the property as a whole.
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(L. 1963 p. 648 § 10)
2023 Missouri Revised Statutes › Title XXIX - Ownership and Conveyance of Property › Chapter 448 - Condominium Property › Section 448.110 - Interest acquired by tax deed, subject to what.

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 448
• Effective - 28 Aug 1983
448.110. Interest acquired by tax deed, subject to what. —
In the event any person acquires or is entitled to the issuance of a tax deed conveying the interest of any unit owner, the interest so acquired shall be subject to all the provisions of sections 448.005 to 448.210 and to the terms, provisions, covenants, conditions and limitations contained in the declaration, the plat, the bylaws or any deed affecting such interest then in force.
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(L. 1963 p. 648 § 11, A.L. 1983 H.B. 177)