Missouri Laws 253.043 – Park boundary conflicts, department authorized to convey up to five acres ..
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Terms Used In Missouri Laws 253.043
- Department: the department of natural resources. See Missouri Laws 253.010
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Land: upland, land under water, the water itself and every estate, interest and right, legal or equitable in land or water. See Missouri Laws 253.010
- Park: any land, site or object primarily of recreational value or of cultural value because of its scenic, historic, prehistoric, archeologic, scientific, or other distinctive characteristics or natural features. See Missouri Laws 253.010
- Property: includes real and personal property. See Missouri Laws 1.020
The department is authorized to convey up to five acres of land as part of a land trade with adjacent property owners to resolve park boundary conflicts, so long as the department receives land of equal or greater fair market value in exchange.