☰ Revisor of Missouri


Chapter 448

< > Effective - 28 Aug 1983    bottom

  448.4-111.  Release of liens. — 1.  In the case of a sale of a unit where delivery of an original sale certificate is required pursuant to subsection 3 of section 448.4-102, a seller shall, before conveying a unit, record or furnish to the purchaser releases of all liens affecting that unit and its common element interest which the purchaser does not expressly agree to take subject to or assume, or shall provide a surety bond or substitute collateral for or insurance against the lien.  This subsection does not apply to any real estate which the declarant has the right to withdraw.

  2.  Before conveying real estate to the association, the declarant shall have that real estate released from:

  (1)  All liens the foreclosure of which would deprive unit owners of any right of access to or easement of support of their units; and

  (2)  All other liens on that real estate unless the original sale certificate describes certain real estate which may be conveyed subject to liens in specified amounts.


(L. 1983 H.B. 177)

---- end of effective  28 Aug 1983 ----

use this link to bookmark section  448.4-111

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
Missouri Senate
State of Missouri
Missouri House