A land bank agency shall neither possess nor exercise the power of eminent domain. A land bank agency shall not have the power to tax.
Mo. Rev. Stat. § 141.1015
Power of eminent domain or to tax not authorized
Known as the Chapter 141 Municipal Land Bank Act
The act spans §§ 141–141 (104 sections).
Effective: 28 Aug 2012; (L. 2012 H.B. 1659 & 1116)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.