A buyer may transfer his equity in the motor vehicle in which the holder has a property interest at any time to another person upon agreement by the holder, but in that event and if the original buyer is released from further liability the holder of the contract shall be entitled to a transfer of equity fee which shall not exceed fifteen dollars.
Mo. Rev. Stat. § 365.090
Transfer of equity in motor vehicle — fee
Known as the Missouri Motor Vehicle Time Sales Law
The act spans §§ 365–365 (19 sections).
Effective: 28 Aug 1963, 2 histories; (L. 1963 p. 466 § 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.