HCS SCS SB 373 -- SELF-SERVICE STORAGE FACILITIES

SPONSOR:  Bartle (Luetkemeyer)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Financial Services by a vote of 16 to 0.

This substitute amends several provisions relating to personal
property that is stored in a self-service storage facility.
Under current law, the owner of a storage facility has a
statutory lien on the property contained in each unit in the
event the occupant becomes in default of the rental contract for
more than 30 days.  However, before selling any property, the
facility owner must give the occupant 45 days' notice.  The
substitute makes those two time periods run concurrently.  In
addition, the facility owner may deny the occupant access to the
leased space at the time the occupant becomes in default, rather
than after the 45-day notice period has expired.  The substitute
also defines several terms and clarifies the definition of the
phrase "commercially reasonable manner."

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that the substitute merely speeds up
the process for a lien holder to sell the property that is
subject to the lien.

Testifying for the bill were Senator Bartle; and Atra Data, Inc.

OPPONENTS:  There was no opposition voiced to the committee.

Richard Smreker, Senior Legislative Analyst

Missouri House of Representatives
Last Updated July 25, 2003 at 10:13 am