Loading chat...

MO HB427

Bill

Status

Engrossed

5/6/2013

Primary Sponsor

Dave Schatz

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Expands the definition of work qualifying for a lien to include renting machinery or equipment and using rental machinery or equipment on property.

  • Establishes that machinery or equipment rental liens are limited to the reasonable rental value during actual use and periods of nonuse specified in the rental contract while equipment remains on the property.

  • Restricts machinery or equipment rental liens to commercial property with claims exceeding $5,000, and requires written notice to the property owner within fifteen business days of rental commencement identifying the rental entity and equipment being rented.

  • Exempts persons who use rented machinery or equipment while performing their own work or labor from the notice and threshold requirements.

  • Maintains existing lien provisions for work, labor, materials, fixtures, plants, and landscaping services on land and buildings.

Legislative Description

Changes the laws regarding a lien involving the rental of machinery or equipment

Last Action

Second read and referred: Senate Commerce, Consumer Protection, Energy, and the Environment(S)

5/7/2013

Committee Referrals

Rules4/11/2013
General Laws2/28/2013

Full Bill Text

No bill text available