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MO SB214
Bill
Status
1/12/2015
Primary Sponsor
David Pearce
Click for details
AI Summary
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Increases the threshold for chattel liens from $25 to $500, allowing workers who expend labor, services, skill, or materials on personal property to claim a lien for amounts up to $500
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Raises the value threshold for abandoned chattel from $100 to $500, meaning chattels valued up to $500 that are not redeemed within one year of the agreed redemption date are deemed abandoned to the lien holder
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Bars owners or depositors of abandoned chattels (valued at $500 or less) from recovering the property, its value, or any related damages after the one-year redemption period expires
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Amends Missouri Revised Statutes sections 430.080 and 430.135
Legislative Description
Modifies law relating to emerging issues
Last Action
H Calendar S Bills for Third Reading w/HCS
5/15/2015