Missouri SB1022 modifies self-storage facility regulations, including lien rights, sale procedures, and occupant responsibilities.
Missouri SB1022 modifies provisions relating to self-storage facilities, including the sale of stored property in case of default. The bill outlines procedures for operators to follow, such as notifying occupants and lienholders of impending sales. It specifies that operators can sell property stored in leased spaces in a commercially reasonable manner, either publicly or privately. The bill also addresses the liability of operators and the rights of occupants to redeem their property.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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