Missouri Laws 407.511 – Definitions
As used in sections 407.511 to 407.556, unless the context clearly indicates otherwise, the following terms mean:
(1) “Mileage”, the actual distance that a vehicle has traveled;
Terms Used In Missouri Laws 407.511
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
(2) “Odometer”, an instrument for measuring and recording the actual distance a motor vehicle travels while in operation; but does not include any auxiliary odometer designed to be reset by the operator of the motor vehicle for the purpose of recording mileage on trips;
(3) “Person”, any natural person, corporation, unincorporated association, partnership or any agent, corporate officer or partner acting in such capacity;
(4) “Repair and replacement”, to restore to a sound working condition by replacing the odometer or any part thereof or by correcting what is inoperative;
(5) “Transfer”, to change ownership by purchase, gift, or any other means;
(6) “Transferee”, any person to whom ownership of a motor vehicle is transferred by purchase, gift, or any means other than by the creation of a security interest, and any person who, as agent, signs an odometer disclosure statement for the transferee; and
(7) “Transferor”, any person who transfers his ownership in a motor vehicle by sale, gift, or any means other than by creation of a security interest, and any person who, as agent, signs an odometer disclosure statement for the transferor.