Missouri § 277.070 - Responsibility of licensee — net proceeds.
Full text of Missouri Revised Statutes of Missouri § 277.070 — Responsibility of licensee — net proceeds., with citation guidance and answers to common questions.
§ 277.070. Responsibility of licensee — net proceeds.
1. Each licensee is responsible to the consignor of any animal offered in the livestock sale for the net proceeds of any bona fide sale of the animal and on the date of sale is responsible to the purchaser of the livestock for the safe delivery of the animal to the purchaser or his agent in a loading chute at site of the sale.
2. "Net proceeds" means and includes the amount remaining of any sale after deducting commissions, inspection fees and all other deductible items authorized by the terms of sale as announced by licensee, his or its agents, at the opening of the livestock sale at which the sale is made.
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(L. 1943 p. 310 § 7, A.L. 1957 p. 20)
---- end of effective 28 Aug 1957 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 277.070
What does Revised Statutes of Missouri § 277.070 cover?
Section 277.070 ("Responsibility of licensee — net proceeds.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 277.070?
A common citation format is "Revised Statutes of Missouri § 277.070" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 277.070 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.