The beneficiaries of the land reutilization authority shall be the taxing authorities which held or owned tax bills against the respective parcel of real estate sold to the land reutilization authority at sheriff's foreclosure sale included in the judgment of the court, and their respective interests in each parcel of real estate shall be to the extent and in the proportion and according to the priorities determined by the court on the basis which the principal amount of their respective tax bills bore to the total principal amount of all of the tax bills described in the judgment.
Mo. Rev. Stat. § 92.880
Beneficiaries of authority — interest, how determined
Known as the Municipal Telecommunications Business License Tax Simplification Act
The act spans §§ 92–92 (102 sections).
Effective: 28 Aug 1971; (L. 1971 H.B. 472 § 35)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.