Section 415.420

Title XXVI TRADE AND COMMERCE

Chapter 415

Effective - 28 Aug 2014, 2 histories   

  415.420.  Purchaser in good faith, not subject to certain liens — operator, limited liability, right to deny occupant access, when — notices, how and where sent. — 1.  A purchaser in good faith of any personal property sold under sections 415.400 to 415.425 takes the property free and clear of any rights of any persons against whom the lien was valid and other lienholders.

  2.  If the operator complies with the provisions of sections 415.400 to 415.425, the operator's liability to the occupant shall be limited to the net proceeds received from the sale of the personal property, and to other lienholders shall be limited to the net proceeds received from the sale of any personal property covered by the other lien.

  3.  If an occupant is in default, the operator may deny the occupant access to the leased space.

  4.  Unless otherwise specifically provided in sections 415.400 to 415.425, all notices required by sections 415.400 to 415.425 shall be sent by verified mail or electronic mail to the last known address as defined in section 415.400.  Notices sent to the operator shall be sent to the self-service storage facility where the occupant's property is stored.  Notices to the occupant shall be sent to the occupant at the occupant's last known address.  Notices shall be deemed delivered when deposited with the United States postal service, properly addressed as provided in subsection 4 of section 415.415, with postage prepaid or sent via electronic mail to the last known address.

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(L. 1985 H.B. 204 § 6, A.L. 2003 H.B. 512 merged with S.B. 373, A.L. 2014 H.B. 1225)