Missouri § 242.550 - Collector — failure to pay tax, penalty.
Full text of Missouri Revised Statutes of Missouri § 242.550 — Collector — failure to pay tax, penalty., with citation guidance and answers to common questions.
§ 242.550. Collector — failure to pay tax, penalty.
If any county collector of the revenues refuses, fails or neglects to make prompt payment of the tax or any part thereof collected under sections 242.010 to 242.690 to the secretary, then he shall pay a penalty of ten percent on the amount of his delinquency. The penalty shall at once become due and payable and both he and his securities shall be liable therefor on his bond.
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(RSMo 1939 § 12344, A.L. 1955 p. 605, A.L. 1961 p. 444)
Prior revisions: 1929 § 10763; 1919 § 4398; 1909 § 5521
---- end of effective 28 Aug 1961 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 242.550
What does Revised Statutes of Missouri § 242.550 cover?
Section 242.550 ("Collector — failure to pay tax, penalty.") 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 § 242.550?
A common citation format is "Revised Statutes of Missouri § 242.550" (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 § 242.550 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.