A person engages in an act of unlawful subleasing of a motor vehicle if all of the following conditions are met:

(1) The motor vehicle is subject to a lease contract, conditional sale contract, or security agreement the terms of which prohibit the transfer or assignment of any right of interest in the motor vehicle or under the lease contract, conditional sale contract, or security agreement;

Terms Used In Missouri Laws 407.742

  • Contract: A legal written agreement that becomes binding when signed.
  • following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020

(2) The person is not a party to the original lease contract, conditional sale contract, or security agreement;

(3) The person transfers or assigns, or purports to transfer or assign, or assists, causes, or arranges an actual or purported transfer or assignment of any right or interest in the motor vehicle or under the lease contract, conditional sale contract, or security agreement, to any person who is not a party to the original lease contract, conditional sale contract, or security agreement;

(4) The person does not obtain, prior to the transfer or assignment described in subdivision (3) of this section, written consent to the transfer or assignment from the motor vehicle’s lessor, seller, or secured party;

(5) The person receives compensation or some other consideration for the transfer or assignment described in subdivision (3) of this section.

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