An urban redevelopment corporation shall establish and maintain depreciation, obsolescence, and other reserves, also surplus and other accounts, including, among others, a reserve for the payment of taxes according to recognized standard accounting practices.
Mo. Rev. Stat. § 353.090
Maintain reserves for specific purposes
Known as the The Urban Redevelopment Corporations Law
The act spans §§ 353–353 (19 sections).
Effective: 28 Aug 1945; (L. 1945 p. 1242 § 8)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.