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MO SB485

Bill

Status

Passed

7/10/2012

Primary Sponsor

Chris Kelly

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Origin

Senate

2012 Regular Session

AI Summary

Senate Bill No. 485 Summary

  • Repeals and reenacts six sections of Missouri law (301.600, 306.400, 400.9-311, 430.020, 430.082, and 430.240) relating to statutory liens against personal property including motor vehicles, trailers, vessels, outboard motors, and aircraft.

  • Requires liens on motor vehicles, trailers, vessels, and outboard motors to be perfected by delivering a notice of lien to the director of revenue within 30 days of creation; lien is effective from date of creation if filed timely, otherwise from date of delivery.

  • Permits liens to secure future advances when clearly noted on security agreements and notices of lien; establishes 30-day deadline for filing subordinate liens with required documents.

  • Extends the filing deadline for aircraft mechanics' liens from 30 days to 180 days after surrendering possession; requires liens be filed with county recorders and Federal Aviation Administration Aircraft Registry.

  • Changes hospital lien notice requirement from certified or registered mail to certified mail with return receipt requested when notifying liable parties and insurance carriers.

Legislative Description

Modifies the law governing liens

Last Action

Signed by Governor

7/10/2012

Committee Referrals

Judiciary4/17/2012
Transportation1/5/2012

Full Bill Text

No bill text available