{"data":{"id":"us-mo/mo.-rev.-stat.-140.981","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 140.981","heading":"Land bank agency authorized, purpose — public body corporate and politic.","body":"1. Any county with more than one million inhabitants may establish a land bank agency for the management, sale, transfer, and other disposition of interests in real estate owned by such land bank agency. Any such county may establish a land bank agency by ordinance, resolution, or rule, as applicable. Such ordinance, resolution, or rule shall specify the name of the land bank agency. No county in which a land bank agency has been established under the provisions of sections 141.980 to 141.1015 shall elect to establish a land bank agency under this section.\n2. Any municipality with more than one thousand five hundred inhabitants not located within a county with more than one million inhabitants may establish a land bank agency for the management, sale, transfer, and other disposition of interests in real estate owned by such land bank agency. A municipality may establish a land bank agency by ordinance, resolution, or rule, as applicable.\n3. A land bank agency shall not own any interest in real estate located wholly or partially outside the municipality or county that established the land bank.\n4. A land bank agency shall be established for the purpose of returning land, including land that is in a non-revenue-generating, non-tax-producing status, to use in private ownership, or for public use.\n5. A land bank agency created under the chapter 140 land bank act shall be a public body corporate and politic and shall have permanent and perpetual duration until terminated and dissolved in accordance with the provisions of section 140.1012.","path":["Title X - TAXATION AND REVENUE","Chapter 140 - Collection of Delinquent Taxes Generally"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=140.981","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:25Z","sha256":"79b06fab495de4267b7c4cd1fdd0ad1a18770dd6c8d2cc970c52518be06813f5","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-140.980","next":"us-mo/mo.-rev.-stat.-140.982"},"notice":"GroundRules: Original legal text. Not legal advice."}