Effective 28 Aug 2007

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

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

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

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(RSMo 1939 § 8382, A.L. 1947 V. I p. 380, A.L. 1984 S.B. 656, A.L. 1986 H.B. 1153, A.L. 2007 S.B. 82)

Prior revision: 1929 § 7774

(1969) Dealer's execution and delivery of a bill of sale for an automobile was not a prerequisite to the passing of title to the automobile. Galemore v. Mid-West National Fire and Casualty Ins. Co. (A.), 443 S.W.2d 194.