Missouri Laws 369.259 – Unapproved transfer of encumbered property, effect of
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Terms Used In Missouri Laws 369.259
- Association: a savings and loan association or a savings association subject to the provisions of this chapter. See Missouri Laws 369.014
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: includes real and personal property. See Missouri Laws 1.020
- Security instrument: mortgage, deed of trust, or other instrument in which real or personal property is security for a debt. See Missouri Laws 369.014
In the event of a conveyance or transfer of any property upon which an association has a lien without the consent of the association, the association may proceed as provided in the note or security instrument.