Sale of aircraft, use of proceeds — return to owner, when.

  1. Law
  2. Missouri Revised Statutes
  3. Motor Vehicles, Watercraft and Aviation
  4. Aircraft and Airports
  5. Sale of aircraft, use of proceeds — return to owner, when.

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Effective - 28 Aug 2020

305.808. Sale of aircraft, use of proceeds — return to owner, when. — 1. If the aircraft is sold, the airport superintendent shall satisfy the airport superintendent's lien, plus the reasonable expenses of notice, advertisement, and sale from the proceeds of the sale.

2. The balance of the proceeds of the sale, if any, shall be held by the airport superintendent and delivered on demand to the owner of the aircraft.

3. If no person claims the balance within twelve months of the date of sale, the airport shall retain the funds and use the funds for airport operations.

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(L. 2020 H.B. 1963)


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