2017 Missouri Revised Statutes
Title XXVI TRADE AND COMMERCE
Chapter 400 Uniform Commercial Code
Section 400.9-613 Contents and form of notification before disposition of collateral: general.
Effective 28 Aug 2002
Title XXVI TRADE AND COMMERCE
Chapter 400400.9-613. Contents and form of notification before disposition of collateral: general. — Except in a consumer-goods transaction, the following rules apply:
(1) The contents of a notification of disposition are sufficient if the notification:
(A) Describes the debtor and the secured party;
(B) Describes the collateral that is the subject of the intended disposition;
(C) States the method of intended disposition;
(D) States that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and
(E) States the time and place of a public disposition or the time after which any other disposition is to be made;
(2) Whether the contents of a notification that lacks any of the information specified in paragraph (1) are nevertheless sufficient is a question of fact;
(3) The contents of a notification providing substantially the information specified in paragraph (1) are sufficient, even if the notification includes:
(A) Information not specified by that paragraph; or
(B) Minor errors that are not seriously misleading;
(4) A particular phrasing of the notification is not required;
(5) The following form of notification and the form appearing in section 400.9-614(3), when completed, each provides sufficient information:
| NOTIFICATION OF DISPOSITION OF COLLATERAL | |
| To: | (Name of debtor, obligor, or other person to which the notification is sent) |
| From: | (Name, address, and telephone number of secured party) |
| Name of Debtor(s): | (Include only if debtor(s) are not an addressee) |
| (For a public disposition:) | |
| We will sell (or lease or license, as applicable) the (describe collateral) (to the highest qualified bidder) in public as follows: | |
| Day and Date: | ______ |
| Time: | ______ |
| Place: | ______ |
| (For a private disposition:) | |
| We will sell (or lease or license, as applicable) the (describe collateral) privately sometime after (day and date). | |
| You are entitled to an accounting of the unpaid indebtedness secured by the property that we intend to sell (or lease or license, as applicable) (for a charge of $ ). You may request an accounting by calling us at (telephone number). | |
| (End of Form) |
(L. 2001 S.B. 288, A.L. 2002 S.B. 895)
