Revisor Home


Chapter 427

previous next Effective - 28 Aug 1999bottom

  427.200.  Lease of personal property allowed — writing required. — Any person may hold personal property for lease, except as otherwise provided by law.  A lease shall be in writing and may be either the functional equivalent of a loan or a true lease where the lessee pays compensation for the use of the leased property which is returned to the lessor at the end of the lease.  A motor vehicle lease may include the outstanding balance of a prior loan or lease of a motor vehicle used as a trade-in, as well as other items that are capitalized or amortized during the lease term.  Lease payments shall be considered in the nature of rent rather than interest, and the provisions of chapter 408 relating to interest, shall not apply.


(L. 1999 S.B. 386)

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

use this link to bookmark section  427.200

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

Site changes Contact
Other Links
Oversight Library MO WebMasters
Missouri Senate
State of Missouri
Missouri House

@12:31:56.8 32