Summary of the Truly Agreed Version of the Bill

SCS SB 302 -- STATUTORY LIENS AGAINST REAL ESTATE

This bill revises the definition of "commercial real estate" by
removing real estate on which no buildings or structures are
located and explicitly specifying that commercial real estate
will include any unimproved real estate of any zoning
classification, other than agricultural or horticultural real
estate, being purchased for development or subdivision.

The six-month statute of limitations for filing a lien will apply
to the labor portion regarding the use of rental equipment while
the 60-day time frame will apply to the rental equipment value.
The five-day written notice requirement for a lien on the use of
rental equipment will not apply to the labor provided by the
person using the equipment.

Copyright (c) Missouri House of Representatives


Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:21 am