Repurchase not to affect security interest in inventory and to be subject to bulk sales law
This law says that when a retailer's unsold goods are bought back under certain Missouri rules, it does not cancel or change any lender's or supplier's claim on those goods. Also, the buyback has to follow Missouri's bulk sales rules.
407.865. not to affect in and to be subject to . — The of sections 407.850 to 407.885 shall not be to affect in any way any security interest which any , person, , or may have in the inventory of the , and any repurchase under the provisions of sections 407.850 to 407.885 shall be subject to the provisions of the bulk sales law.
Tap any gold-underlined word to see what it means.
Red section numbers link to that law.
Source & history notes
(L. 1982 H.B. 958 § 4, A.L. 1987 S.B. 35)
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.