☰ Revisor of Missouri

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY

Chapter 442

< > Effective - 28 Aug 1999 bottom

  442.090.  Conveyances by minor veterans valid when necessary to obtain advantage of federal law. — 1.  For the purposes of taking advantage of the Servicemen's Readjustment Act of 1944, as amended, any person who is a resident of Missouri and who served honorably in the active military or naval service of the United States may execute a deed of trust, mortgage, or other instrument, affecting the title to or disposition of real or personal property, or a power of attorney, the validity of which is governed by the law of this state.

  2.  For the purpose of taking advantage of such federal act, as amended, such person may also contract, or borrow money, for the purchase or construction of homes, farms and business property whether the money is to be used in purchasing residential property or in constructing a dwelling on unimproved property owned by the veteran to be occupied as his or her home.

  3.  For the purposes of taking advantage of such federal act, as amended, such person may also borrow money for the purpose of making repairs, alterations, or improvements in, or paying delinquent indebtedness, taxes, or special assessments on residential property owned by the veteran and used by him or her as his or her home.

  4.  For the purposes of taking advantage of such federal act, as amended, such person may also borrow money to purchase any land, buildings, livestock, equipment, machinery or implements, or in repairing, altering, or improving any buildings or equipment, to be used in farming operations, borrow money to purchase any business, land, buildings, supplies, equipment, machinery, or tools to be used in pursuing a gainful occupation, other than farming, and to borrow money, enter into a contract, agreement or other instrument in writing as may be necessary pursuant to the Servicemen's Readjustment Act of 1944, as amended.

­­--------

(L. 1945 p. 1182 § 1, A.L. 1953 p. 616, A.L. 1999 H.B. 136 merged with S.B. 188)


---- end of effective  28 Aug 1999 ----

use this link to bookmark section  442.090


Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@13:23:16.3 34 :)