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 a provision in HCS/SB 736 (2024),a provision in HCS#2/SS/SCS/SB 835 (2024), SCS/HCS/HBs 1948, 2066, 1721 & 2276 (2024), the perfected HB 2780 (2024), 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