Missouri House Bill HB1902

Missouri 2024 Regular Session

• Introduced: 1/3/24
• Refer: 5/17/24

Caption

Specifies that limited liability companies that own real property in St. Louis County must designate a contact person with the county clerk

Impact

The introduction of HB 1902 is expected to have significant implications for how limited liability companies operate within the state. By requiring an affidavit and the designation of a responsible party for each property, the bill seeks to alleviate concerns regarding unidentified property management that can complicate enforcement of local laws and regulations. This move could strengthen the ability of local authorities to address issues related to property maintenance, zoning, and compliance with municipal regulations.

Summary

House Bill 1902 introduces new requirements for limited liability companies (LLCs) that own and manage real property in St. Louis County. The bill mandates that these companies must designate a natural person for management control, listing their name and address in an affidavit filed with the county clerk. This measure aims to provide transparency concerning who manages these properties, potentially aiding local governance and accountability in real estate transactions. Notably, the bill applies specifically to home rule cities with significant populations and counties with over one million inhabitants, emphasizing the legislation's focus on urban locales and densely populated areas.

Contention

There may be points of contention surrounding this bill, particularly regarding the potential burdens it imposes on limited liability companies. Critics may argue that the requirement to file affidavits could create additional administrative work for business owners, particularly smaller companies that might not have the resources to easily comply with such regulations. Additionally, the opposition could view this measure as unnecessary government intervention into private enterprise, invoking concerns about regulatory overreach and the implications of increased oversight.