SB 388 - Current law prohibits certain individuals from purchasing delinquent properties at a land auction. This act repeals such prohibitions. Current law also places certain restrictions on purchasers residing in the city of St. Joseph. This act expands such restrictions to all purchasers. (Section 140.190)
This act repeals a provision that prohibits land bank agencies from purchasing certain properties unless they are adjacent to real property already owned by the land bank agency. (Section 140.984)
Finally, this act repeals a provision requiring land bank agencies to sell all property acquired through purchase, transfer, exchange, or gift. (Section 140.985)
JOSH NORBERG