Mo. Rev. Stat. § 305.808

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

Known as the The Missouri-St. Louis Metropolitan Airport Authority Law

The act spans §§ 305–305 (85 sections).

Effective: 28 Aug 2020; (L. 2020 H.B. 1963)

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.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.