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Title XXVI TRADE AND COMMERCE

Chapter 411

previous next Effective - 22 Apr 1986, see footnotebottom

  411.020.  Application of law — construction of laws governing warehouse receipts. — 1.  The provisions of this chapter shall apply to the grain stored in or handled through a warehouse, or designated part thereof, as well to the operations of such warehouse whether or not any part of such grain is owned by the warehouseman.

  2.  The provisions of the uniform commercial code relating to warehouse receipts and other documents of title shall govern warehouse receipts issued by public warehousemen licensed under the provisions of this chapter, except to the extent inconsistent with the express provisions of this chapter.

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(L. 1941 p. 373 § 49, A.L. 1965 p. 606, A.L. 1977 S.B. 75, A.L. 1980 S.B. 601, A.L. 1986 H.B. 1578)

Effective 4-22-86

(1981) As bearing upon Bankruptcy Code provision that filing of petition in bankruptcy does not operate as automatic stay of proceedings by a governmental unit to enforce its police or regulatory power. Missouri's grain laws primarily relate to protection of pecuniary interest in debtors' property and not to public health and safety, and as such do not fall within "police or regulatory power" exception to automatic stay.  State of Missouri v. U.S. Bankruptcy Court, etc. (8th Cir.), 647 F.2d 768.


---- end of effective   22 Apr 1986 ----

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