Missouri § 140.986 - Productive use of property, time period to show — extension, when — public sale, when.
Full text of Missouri Revised Statutes of Missouri § 140.986 — Productive use of property, time period to show — extension, when — public sale, when., with citation guidance and answers to common questions.
§ 140.986. Productive use of property, time period to show — extension, when — public sale, when.
1. No later than five years from the date it acquired the property, a land bank agency shall either sell, put to a productive use, or show significant progress towards selling or putting the property to a productive use. A productive use may be demolishing all structures of the property or using the property for a community garden, park, or other open public space. No later than eight years from the date it acquired the property, a land bank agency shall sell, clear, or put such property to public use.
2. The governing body of the county or municipality may grant the land bank agency a one-year extension if the body determines by a majority vote that unforeseen circumstances have delayed the sale or productive use of a parcel of property.
3. If a land bank agency owns a parcel of real property that does not have a productive use after five years, or does not receive an extension under subsection 2 of this section, the property shall be offered for public sale using the procedures under sections 140.170 to 140.190.
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(L. 2019 H.B. 821, A.L. 2024 H.B. 2062, A.L. 2026 S.B. 973)
Severability clause, see § 1.1007
---- end of effective 28 Aug 2026 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 140.986
What does Revised Statutes of Missouri § 140.986 cover?
Section 140.986 ("Productive use of property, time period to show — extension, when — public sale, when.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 140.986?
A common citation format is "Revised Statutes of Missouri § 140.986" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 140.986 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.