Every holder of a certificate of purchase shall before being entitled to apply for deed to any tract or lot of land described therein pay all taxes that have accrued thereon since the issuance of said certificate, or any prior taxes that may remain due and unpaid on said property, and the lien for which was not foreclosed by sale under which such holder makes demand for deed, and any purchaser that shall suffer a subsequent tax to become delinquent, such first purchaser shall forfeit all liens on such lands so purchased. Said holder of a certificate of purchase permitting a subsequent certificate to issue on the same property shall, on notice from the county collector, surrender said certificate of purchase immediately to the county collector. Upon surrender of such certificate of purchase any surplus moneys paid by the first holder of the certificate of purchase and remaining unclaimed pursuant to section 140.230 shall be paid without interest to such holder of the certificate.
Mo. Rev. Stat. § 140.440
Payment of taxes by holder of purchase certificate — subsequent certificate
Known as the Chapter 140 Land Bank Act
The act spans §§ 140–140 (92 sections).
Applied in 1 court decision — leading case U.S. Bank National Ass'n v. Boykin (In Re Boykin) (2010)
Most recently applied in U.S. Bank National Ass'n v. Boykin (In Re Boykin) (September 2010)
Effective: 28 Aug 2003, 2 histories; (RSMo 1939 § 11152, A.L. 2003 S.B. 295)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.