Missouri Revised Statutes













Chapter 141

Delinquent Taxes--First Class Counties and St. Louis City

←141.785

Section 141.790.1

141.800→

August 28, 2015

Proceeds of sale of real estate disposed of by a land trust--distribution.

141.790. When any parcel of real estate is sold or otherwise disposed

of by the land trust, the proceeds therefrom shall be applied and

distributed in the following order:



(1) To the payment of amounts due from the land trust under

subsection 2 of section 141.560 on the sale or other disposition of such

parcel;



(2) To the payment of the expenses of sale;



(3) The balance to be retained by the land trust to pay the salaries

and other expenses of such land trust and of its employees, incident to the

administration of sections 141.210 to 141.810, including any expenditures

authorized by section 141.760, as provided for in its annual budget;



(4) Any funds in excess of those necessary to meet the expenses of

the annual budget of the land trust in any fiscal year, and including a

reasonable sum to carry over into the next fiscal year to assure that

sufficient funds will be available to meet initial expenses for that next

fiscal year, shall be paid to the respective taxing authorities which, at

the time of the distribution, are taxing the real property from which the

proceeds are being distributed. The distributions shall be in proportion

to the amounts of the taxes levied on the properties by the taxing

authorities; distribution shall be made on January first and July first of

each year, and at such other times as the land trustees in their discretion

may determine.



(L. 1943 p. 1029 § 44, A.L. 2002 H.B. 1634, A.L. 2004 H.B. 975, A.L.

2012 H.B. 1659 & 1116)





2004

2002

1991



2004



141.790. When any parcel of real estate is sold or otherwise disposed of

by the land trust, the proceeds therefrom shall be applied and distributed in

the following order:



(1) To the payment of the expenses of sale;



(2) The balance to be retained by the land trust to pay the salaries and

other expenses of such land trust and of its employees, incident to the

administration of sections 141.210 to 141.810, including any expenditures

authorized by section 141.760, as provided for in its annual budget;



(3) Any funds in excess of those necessary to meet the expenses of the

annual budget of the land trust in any fiscal year, and including a

reasonable sum to carry over into the next fiscal year to assure that

sufficient funds will be available to meet initial expenses for that next

fiscal year, may be paid to the respective taxing authorities which, at the

time of the distribution, are taxing the real property from which the

proceeds are being distributed. The distributions shall be in proportion to

the amounts of the taxes levied on the properties by the taxing authorities;

distribution shall be made on January first and July first of each year, and

at such other times as the land trustees in their discretion may determine.



2002



141.790. 1. Such land trust shall set up accounts on its books

relating to the operation, management, or other expense of each individual

parcel of real estate.



2. When any parcel of real estate is sold or otherwise disposed of by

the land trust, the proceeds therefrom shall be applied and distributed in

the following order:



(1) To the payment of the expenses of sale;



(2) To the payment of any penalties, attorney's fees or costs which

were included in the judgment originally entered against said parcel of

real estate, plus its proportional part of the costs of sheriff's

foreclosure sale, as shown on the books of the collector;



(3) To the payment of the costs of the care, improvement, operation,

and management of such parcel of real estate as determined by the land

trustees and apportioned to such parcel;



(4) The balance to be retained by the land trust to pay the salaries

and other expenses of such land trust and of its employees, incident to the

administration of sections 141.210 to 141.810, including any expenditures

authorized by section 141.760, as provided for in its annual budget;



(5) Any funds in excess of those necessary to meet the expenses of

the annual budget of the land trust in any fiscal year, and including a

reasonable sum to carry over into the next fiscal year to assure that

sufficient funds will be available to meet initial expenses for that next

fiscal year, may be paid to the respective taxing authorities and tax bill

owners, if any, in the proportion that the principal amounts of the tax

bills of each such party bears to the total principal amount of all the tax

bills included in the original judgment relating to such parcel of real

estate and in the order of their respective priorities. After deduction of

all sums charged to each account for various expenses, distribution shall

be made to the respective taxing authorities and to tax bill owners having

an interest in such parcel of real estate, on January first and July first

of each year, and at such other times as the land trustees in their

discretion may determine.



1991



141.790. 1. Such land trust shall set up accounts on its

books relating to the operation, management, or other expense of

each individual parcel of real estate.



2. When any parcel of real estate is sold or otherwise

disposed of by the land trust, the proceeds therefrom shall be

applied and distributed in the following order:



(1) To the payment of the expenses of sale;



(2) To the payment of any penalties, attorney's fees or

costs which were included in the judgment originally entered

against said parcel of real estate, plus its proportional part of

the costs of sheriff's foreclosure sale, as shown on the books of

the collector;



(3) To the payment of the costs of the care, improvement,

operation, and management of such parcel of real estate as

determined by the land trustees and apportioned to such parcel;



(4) The balance to be paid to the respective taxing

authorities and tax bill owners, if any, in the proportion that

the principal amounts of the tax bills of each such party bears

to the total principal amount of all the tax bills included in

the original judgment relating to such parcel of real estate and

in the order of their respective priorities. After deduction of

all sums charged to each account for various expenses,

distribution shall be made to the respective taxing authorities

and to tax bill owners having an interest in such parcel of real

estate, on January first and July first of each year, and at such

other times as the land trustees in their discretion may

determine.



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