2011 Missouri Revised Statutes
TITLE XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 375 Provisions Applicable to All Insurance Companies
Section 375.660. Disposition of assets.
Disposition of assets.
375.660. 1. If the court directs the director to liquidate, settle or wind up the affairs of the defendant, said director shall take immediate possession of the assets, books and papers of the defendant, and unless disposition of the assets of the defendant is made by a reinsurance agreement as may be provided by law, he shall sell and dispose of the real estate and other property of the defendant, subject to the approval of the court, and may execute in his own name, as director, all necessary and proper conveyances of the same; he may also, in his own name as such director, maintain and defend all actions in the courts of this or any other state, or of the United States, relating to the defendant, its assets, liabilities and business.
2. This section shall apply only to proceedings instituted before August 28, 1991.
(RSMo 1939 6059, A.L. 1992 H.B. 1574)Prior revisions: 1929 5948; 1919 6356; 1909 7086
Annotation Copyright Missouri Joint Committee on Legislative Research
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