Effective - 28 Aug 1997
427.155. No fiduciary relationship intended. — Sections 427.110 to 427.190 do not impose a fiduciary relationship between the creditor and the debtor. Placement of collateral protection coverage is for the sole purpose of protecting the interest of the creditor when the debtor fails to insure collateral as required by the credit agreement.
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(L. 1997 H.B. 257)
Structure Missouri Revised Statutes
Title XXVII - Debtor-Creditor Relations
Chapter 427 - Creditor Protection
Section 427.011 - Purpose of law — limitation of liability.
Section 427.021 - Definitions.
Section 427.041 - Preemption of field.
Section 427.100 - Bankruptcy of political subdivision, consent to institute action.
Section 427.110 - Collateral protection act — audit for compliance.
Section 427.115 - Definitions.
Section 427.120 - Collateral protection coverage, requirements.
Section 427.125 - Notice of placement of insurance — grace period.
Section 427.130 - Coupon book revision required, when, how.
Section 427.135 - Collateral protection coverage cancelled, when.
Section 427.140 - Unearned premiums to be refunded.
Section 427.145 - Placement of coverage.
Section 427.150 - Liability limitation, notice.
Section 427.155 - No fiduciary relationship intended.
Section 427.160 - Insurance not required.
Section 427.165 - Uniform commercial code not affected by act.
Section 427.170 - Severability — nonimpairment.
Section 427.180 - Insurer may claim protection of act.
Section 427.190 - Statute of limitations.
Section 427.200 - Lease of personal property allowed — writing required.