2011 Missouri Revised Statutes
TITLE XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 348 Development--Small Businesses
Section 348.415. Collections.
Collections.
348.415. The authority, by rule, shall determine the policy of collections and recovery of agricultural business development loans, including the use of private collection agencies. The authority may institute action to recover any amount due the state in any loan transaction, use private collection agencies, or otherwise carry out the policy of the authority. The eligible lender making the original loan shall cooperate with the authority in the collection of the agricultural business development loan and shall use its regular collection procedures before any action taken by the authority.
(L. 1997 H.B. 557)*Rulemaking authority, effective when, null and void, when, see 348.426.
Annotation Copyright Missouri Joint Committee on Legislative Research
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