Section 447.640

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY

Chapter 447

Effective - 28 Aug 2005, 2 histories   

  447.640.  Quitclaim judicial deed may be granted, conditions, effect. — If an owner does not regain possession of the property in the one-year period following entry of an order granting temporary possession of the property to the organization, the organization may file a petition for judicial deed and, upon due notice to the named defendants, an order may be entered granting a quitclaim judicial deed to the organization.  A conveyance by judicial deed shall operate to extinguish all existing ownership interests in, liens on, and other interest in the property, except tax liens.  Any party in interest of the property shall present any claim for compensation prior to the entering of the court order conveying title to the organization.

­­--------

(L. 1993 S.B. 376 § 11, A.L. 1994 S.B. 513, A.L. 2002 H.B. 1634 merged with S.B. 1086 & 1126, A.L. 2005 H.B. 58)