361.460. Effect of director's notice to remove upon contract of bailment or of deposit for hire. - Missouri Statutes

Effect of director's notice to remove upon contract of bailment or ofdeposit for hire.

361.460. After the director shall have duly mailed a noticein writing, as provided in section 361.450, the contract ofbailment or of deposit for hire, or lease of safe, vault or box,if any, between the persons duly notified and the corporation,shall cease and determine upon the date for removal fixed in suchnotice, and the amount of the unearned rent or charges, if any,paid by such person shall become a debt of the corporation tosaid person.

(RSMo 1939 § 7923)

Prior revisions: 1929 § 5329; 1919 § 11712