Missouri § 361.470 - Liquidation and conservation of assets — compounding debts and compromising certain claims.
Full text of Missouri Revised Statutes of Missouri § 361.470 — Liquidation and conservation of assets — compounding debts and compromising certain claims., with citation guidance and answers to common questions.
§ 361.470. Liquidation and conservation of assets — compounding debts and compromising certain claims.
The director is authorized, upon taking possession of the property and business of such corporation, to liquidate the affairs thereof and to do all acts and to make such expenditures as in his or her judgment are necessary to conserve its assets and business. He or she shall proceed to collect the debts due. He or she may, upon an order of the circuit court of Cole County, sell or compound all bad or doubtful debts held by, and compromise claims against such corporation, other than deposit claims and, upon such terms as the court shall direct, may sell or otherwise dispose of all or any of the real and personal property of such corporation.
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(RSMo 1939 § 7924, A.L. 1978 H.B. 1634, A.L. 2000 S.B. 896)
Prior revisions: 1929 § 5330; 1919 § 11713
---- end of effective 28 Aug 2000 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 361.470
What does Revised Statutes of Missouri § 361.470 cover?
Section 361.470 ("Liquidation and conservation of assets — compounding debts and compromising certain claims.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 361.470?
A common citation format is "Revised Statutes of Missouri § 361.470" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 361.470 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.