Missouri § 306.415 - Assignment of lien or encumbrance by lienholder, rights and obligations — perfection by assignee, how.
Full text of Missouri Revised Statutes of Missouri § 306.415 — Assignment of lien or encumbrance by lienholder, rights and obligations — perfection by assignee, how., with citation guidance and answers to common questions.
§ 306.415. Assignment of lien or encumbrance by lienholder, rights and obligations — perfection by assignee, how.
1. A lienholder may assign, absolutely or otherwise, his or her lien or encumbrance on the outboard motor, motorboat, vessel, or watercraft to a person other than the owner without affecting the interest of the owner or the validity or effect of the lien or encumbrance, but any person without notice of the assignment is protected in dealing with the lienholder as the holder of the lien or encumbrance and the lienholder shall remain liable for any obligations as lienholder until the assignee is named as lienholder on the certificate of title.
2. An assignee pursuant to subsection 1 of this section may, but need not to perfect the assignment, have the certificate of title issued with the assignee named as lienholder, upon delivering to the director of revenue the certificate of title, an assignment by the lienholder named in the certificate of title, and the required fee in the form the director of revenue prescribes.
3. If the certificate of title is being electronically retained by the director of revenue, the original lienholder may mail or deliver a notice of assignment of lien to the director in a form prescribed by the director. Upon receipt of notice of assignment, the director shall update the electronic certificate of title to reflect the assignment of lien and lienholder.
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(L. 1985 H.B. 280, et al. § 301.715, A.L. 1999 S.B. 19)
---- end of effective 28 Aug 1999 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 306.415
What does Revised Statutes of Missouri § 306.415 cover?
Section 306.415 ("Assignment of lien or encumbrance by lienholder, rights and obligations — perfection by assignee, how.") 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 § 306.415?
A common citation format is "Revised Statutes of Missouri § 306.415" (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 § 306.415 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.