Missouri Laws 441.641 – Court appoints receiver to abate nuisance — holder of title does not act to ..
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Terms Used In Missouri Laws 441.641
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Property: includes real and personal property. See Missouri Laws 1.020
If the court appoints a receiver to abate a nuisance pursuant to sections 441.500 to 441.643, and the holder of title to the property or any other party in interest does not take action to regain possession of the property within two years of the appointment of the receiver, the court may, for good cause shown, issue a judicial deed transferring title to the property to the receiver, or to any not-for-profit corporation organized pursuant to law.