Bill > SB513

This bill modifies Missouri's laws regarding liens and sales of personal property stored in self-service storage facilities. The bill establishes that storage facility operators have a legal claim (lien) on stored personal property for unpaid rent, labor, or other charges, which takes priority over most other liens. If a tenant is in default for more than 45 days, the operator can sell the stored property through a public or private sale, following specific notification procedures. Before selling, the operator must send two notices to the tenant: an initial 45-day notice and a second verified notice at least 10 days later, which includes details about the charges due and potential sale. The bill also requires advertising the sale in a newspaper's classified section or through another commercially reasonable method, such as ensuring at least three independent bidders attend. If the property is a vehicle, watercraft, or trailer and remains unpaid after 60 days, the owner can have it towed. Any proceeds from the sale will first satisfy the lien, with any surplus held for the tenant for one year, after which unclaimed funds are considered abandoned and sent to the state treasurer. The tenant can redeem their property at any time before the sale by paying the outstanding amount.

Labor and Employment

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=564679