No filing of the premium finance agreement shall be necessary to perfect the validity of such agreement as a secured transaction as against creditors, subsequent purchasers, pledgees, encumbrancers, trustees in bankruptcy or any other insolvency proceeding under any law, or anyone having the status or power of the aforementioned or their successors or assigns.
Mo. Rev. Stat. § 364.140
Filing of agreement not required for validity against creditors
Known as the Missouri Financing Institution Licensing Law
The act spans §§ 364–364 (19 sections).
Applied in 1 court decision — leading case In Re Double Eagle Construction, Inc. (1995)
Most recently applied in In Re Double Eagle Construction, Inc. (November 1995)
Effective: 28 Aug 1984, 2 histories; (L. 1984 S.B. 686 § 9)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.