What is a Bill of Sale in Missouri?
Bills of Sale represent the proof of proprietorship after the purchase is made or as a confirmation of proprietorship transfer. These legal forms serve when valuable properties are exchanged or given as gifts as well. The prerequisites and regulations apply to transactions related to boats, vehicles, firearms, and some personal items that cost over $500.
Missouri Bill of Sale Types
Apart from the generalized bill of sale document in Missouri, at least three item-specific forms concerning vehicles (cars, campers, RVs, motorcycles, trailers), boats, and firearms are stipulated.
Missouri Vehicle Bill of Sale
It is crucial to know that in Missouri, Bill of Sale forms should be notarized only when it is an interim permit or the proof of proprietorship when the principal parts of a rebuilt vehicle are sold. Usually, a vehicle bill of sale mentions the following data: personal and contact information, title number, vehicle identification number, year and model, purchase price and date, odometer value, and both parties’ signatures. Private sellers have to account for the sale of any vehicle to the Department of Revenue within a month from the operation date. The grantees should title the purchase within a month and pay the relevant fee.
Missouri Boat Bill of Sale
The form applies to all deeds related to selling, purchasing, or exchanging boats, yachts, jet skis, and other watercraft and should be notarized. The file must mention the boat’s unique hull identification number and all essential purchase data mentioned above. Contrary to the Vehicle Bill of Sale, a buyer is obliged to register the property within a more extended period — two months after the purchase date. Otherwise, a fine is charged.
Missouri Gun Bill of Sale
In terms of firearms proprietorship rights in Missouri, one is not enforced by the law to register a gun or obtain a permit for any type of handgun or shotgun. The law claims that it is entirely legal for people over 19 to carry a hidden firearm without acquiring a license beforehand. Thus, drafting a bill of sale is not compulsory. Nevertheless, it is a matter of your personal safety, confidence, and the deed’s extra-proof legality so that you may complete the firearm bill of sale for your records. In addition to contact data and necessary information on the sales, the primary features are to be mentioned: the make of the firearm, its condition, model, serial number, and caliber.