Supplement: MO SB938 | 2024 | Regular Session | Summary: Introduced
For additional supplements on Missouri SB938 please see the Bill Drafting List
Bill Title: Modifies provisions relating to the sale of property to satisfy liens on stored property
Status: 2024-04-09 - Voted Do Pass S Emerging Issues Committee [SB938 Detail]
Download: Missouri-2024-SB938-Summary_Introduced.html
Bill Title: Modifies provisions relating to the sale of property to satisfy liens on stored property
Status: 2024-04-09 - Voted Do Pass S Emerging Issues Committee [SB938 Detail]
Download: Missouri-2024-SB938-Summary_Introduced.html
SB 938 - Under the act, if an owner of personal property stored in self-service storage defaults on a lien, the operator of the self-service storage facility may enforce the lien by selling the personal property by advertising the sale in the classified section of a newspaper or in any other commercially reasonable manner. The manner of advertisement shall be deemed commercially reasonable if at least three independent bidders attend or view the sale at the time and place advertised.
This act is identical to SB 460 (2023), HB 1120 (2023), SB 885 (2022), HCS/SS#2/SCS/SB 968 (2022), HB 1689 (2022), the perfected HCS/HB 2289 (2022), SB 594 (2021) and HB 1135 (2021), and substantially similar to the perfected HB 1120 (2023).
JULIA SHEVELEVA