Terms Used In Missouri Laws 271.160

  • Property: includes real and personal property. See Missouri Laws 1.020
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.

If the owner fail to reclaim any stray taken up and posted in accordance with this chapter, within one year from the date of taking up, then the title thereto shall vest absolutely in the taker-up; provided, that if said property shall have been appraised at twelve dollars or more, the title thereto shall not vest in the taker-up till after the payment into the county treasury by him of a sum equal to one-half of the remainder left after deducting the total amount of fees due according to sections 271.320 to 271.350.