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.
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Source & history notes
(L. 1982 H.B. 958 § 4, A.L. 1987 S.B. 35)
Related Missouri laws
Inventory qualifying for repurchase
RSMo 407.860
Inventory which does not qualify for repurchase
RSMo 407.870
Reimbursement for warranty work performed by certain retail sellers of power equipment
RSMo 407.857
Repurchase of farm machinery inventory on termination of dealership
RSMo 407.855
Liability for failure to repurchase inventory
RSMo 407.875
Definitions
RSMo 407.850
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.