HB 1712 -- SECURED TRANSACTIONS

CO-SPONSORS:  Monaco, Carnahan, Richardson, Mayer, Willoughby,
Crowell

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Judiciary by a vote of 15 to 0.

This bill makes technical changes to Article 9 (secured
transactions) of the Uniform Commercial Code.  The bill corrects
some intersectional references, changes some language to
correspond to the current version of the revised Article 9 model
act, clarifies that certain collected fees are nonstate funds,
and remedially removes the perfection method for liens on
manufactured homes from the governance of Article 9 of the
Uniform Commercial Code.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that the bill is necessary to clean
up and fine tune the secured transactions bill from last year.

Testifying for the bill were Representative Monaco, Secretary of
State's Office; and County Employees Retirement Fund.

OPPONENTS:  There was no opposition voiced to the committee.

Julie Jinkens McNitt, Legislative Analyst

Missouri House of Representatives
Last Updated October 11, 2002 at 9:02 am