301.200. Sales by dealers.

MISSOURI STATUTES AND CODES

Sales by dealers.

301.200. 1. In the case of dealers, a certificate of ownership orproof that a dealer has applied for a certificate of ownership or that aprior lien has been satisfied by the dealer shall be required in the caseof each motor vehicle in his possession, and the director of revenue shalldetermine the form in which application for such certificates of ownershipand assignments shall be made, in case forms differing from those used forindividuals are, in his judgment, reasonably required; provided, however,that no such certificates shall be required in the case of new motorvehicles or trailers sold by manufacturers to dealers.

2. Dealers shall execute and deliver manufacturer's statements oforigin in accordance with forms prescribed by the director of revenue forall new cars sold by them. On the presentation of a manufacturer'sstatement of origin, executed in the form prescribed by the director ofrevenue, by a manufacturer or a dealer for a new car sold in this state, acertificate of ownership shall be issued.

3. Each certificate of ownership issued by the department of revenueshall contain space for four assignments. On all certificates of ownershipcontaining fewer than four assignment spaces, the director shall prescribea secure document for use in making a fourth assignment by a dealer. Allsecure documents for assignments which are spoiled shall be marked "void"and shall be returned by the dealer to the department of revenue at the endof each month.