Section 40 Plastics Fabricators

• Library: Secured Transactions 2005

In 1984, the Missouri legislature provided that any business that fabricates, casts or otherwise makes or uses a die, mold, form, or pattern (collectively, a “mold”) to make plastic products for a customer has a possessory lien in the mold for the amount due for production of the products. Section 430.403, RSMo 2000. The customer may recover the mold upon posting a bond in the amount due plus any amount to cover accruing interest and costs as the court may direct. Section 430.405, RSMo 2000. Section...