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Title XXVIII CONTRACTS AND CONTRACTUAL RELATIONS

Chapter 435

previous next Effective - 28 Aug 1980bottom

  435.460.  Notice of arbitration provisions required. — Each contract subject to the provisions of sections 435.350 to 435.470 shall include adjacent to, or above, the space provided for signatures a statement, in ten point capital letters, which read substantially as follows:

"THIS CONTRACT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES."

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(L. 1980 H.B. 1203 § 23)

(1985) Provisions of this section may not be applied to defeat the arbitration provision of a contract within the coverage of the Federal Arbitration Act (Maritime transactions or transactions involving commerce). Bunge Corp. v. Perryville Feed & Produce (Mo. banc), 685 S.W.2d 837.

(1985) Held to be invalid when applied to commercial contracts involving interstate commerce pursuant to preemption by the Federal Arbitration Act, 9 U.S.C. §§ 1-14 (1982). Bunge Corp. v. Perryville Feed and Produce Co., (Mo. banc) 685 S.W.2d 837.


---- end of effective   28 Aug 1980 ----

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