HB 366: Regards disposal of self-service storage property and liability

The bill aims to amend the laws regarding self-service storage facilities. The owner of a storage facility can now dispose of property in expired storage spaces and modify the threshold of liability relating to these spaces. The owner must notify the following parties before disposing of the property: people with a known interest in the property, those holding liens on vehicles or watercraft, and people with security agreements on the property. The notice must include details about the property, the reason for the notice, and the amount owed. The owner has a specified time to receive payment or notice of removal of the property. The sale of the property can be held at the storage facility, on the internet, or at a nearby location. The sale must be advertised in a newspaper or other commercially reasonable manner. If the property is not sold, it may be destroyed. People with security int…