SB 513 - Under the act, if an owner of personal property stored in self-service storage defaults on a lien, the operator of the self-service storage facility may enforce the lien by selling the personal property by advertising the sale in the classified section of a newspaper or in any other commercially reasonable manner. The manner of advertisement shall be deemed commercially reasonable if at least 3 independent bidders attend or view the sale at the time and place advertised.

This act is identical to SB 938 (2024), a provision in HCS/SB 736 (2024), a provision in HCS#2/SS/SCS/SB 835 (2024), SCS/HCS/HBs 1948, 2066, 1721 & 2276 (2024), the perfected HB 2780 (2024), SB 460 (2023), HB 1120 (2023), SB 885 (2022), HCS/SS#2/SCS/SB 968 (2022), HB 1689 (2022), the perfected HCS/HB 2289 (2022), SB 594 (2021) and HB 1135 (2021), and substantially similar to the perfected HB 1120 (2023).

JULIA SHEVELEVA

Statutes affected:
Introduced (1808S.01): 415.415

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 513
Sponsor: Brown (16)
Hearing Date: 3/25/2025


COMMITTEE: Emerging Issues and Professional Registration

CHAIRMAN: Brown (16)

DATE REFERRED: 2/27/2025 DATE HEARING REQUESTED: 2/27/2025



STAFF:
Ashley Bax
Katie O'Brien
Will Wheeler


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Randy Scherr - Missouri Self Storage Association


WITNESSES AGAINST:
Arnie C. AC "Honest-Abe" DIENOFF-State Public Advocate - State Public Advocate
Chad Stebbins - Missouri Press Associaion