SCS/HCS/HBs 1948, 2066, 1721 & 2276 - This act modifies the manner in which the operator of a self-service storage facility is required to advertise the sale of property on which he or she is executing a lien. The lienholder may advertise the sale in any commercially reasonable manner, including newspaper classifieds as specified by current law, and the manner of advertisement shall be deemed commercially reasonable if at least 3 independent bidders attend or view the sale at the time and place advertised. This act is identical to SB 938 (2024), provisions in HCS#2/SS/SCS/SB 835 (2024), provisions in HCS/SB 736 (2024), provisions in HB 2780 (2024), SB 460 (2023), HB 1120 (2023), SB 885 (2022), HCS/SS#2/SCS/SB 968 (2022), HB 1689 (2022), the perfected HCS/HB 2289 (2022), SB 594 (2021) and HB 1135 (2021), and substantially similar to the perfected HB 1120 (2023).
ERIC VANDER WEERD