2011 Missouri Revised Statutes
TITLE XXXVI STATUTORY ACTIONS AND TORTS
Chapter 537 Torts and Actions for Damages
Section 537.645. Director may take charge of entity, when.
Director may take charge of entity, when.
537.645. If at any time any association fails or refuses to pay any claim finally adjudged to be due pursuant to the provisions of its articles of association and bylaws, or if the director of the department of insurance, financial institutions and professional registration determines that the association is unable to satisfy its contractual obligations, he shall immediately take charge of the association, its assets and affairs, and wind up same as now provided by law in the case of life insurance companies.
(L. 1978 H.B. 1650 8)
Annotation Copyright Missouri Joint Committee on Legislative Research
Disclaimer: These codes may not be the most recent version. Missouri may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
