Missouri § 355.201 - Creditor action against member.
Full text of Missouri Revised Statutes of Missouri § 355.201 — Creditor action against member., with citation guidance and answers to common questions.
§ 355.201. Creditor action against member.
1. No proceeding may be brought by a creditor to reach the liability, if any, of a member to the corporation unless final judgment has been rendered in favor of the creditor against the corporation and execution has been returned unsatisfied in whole or in part, or unless such proceeding would be useless.
2. All creditors of the corporation, with or without reducing their claims to judgment, may intervene in any creditor's proceeding brought under subsection 1 of this section to reach and apply unpaid amounts due the corporation. Any or all members who owe amounts to the corporation may be joined in such proceeding.
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(L. 1994 H.B. 1095)
Effective 7-01-95
---- end of effective 01 Jul 1995 ----
Frequently Asked Questions About Missouri § 355.201
What does Revised Statutes of Missouri § 355.201 cover?
Section 355.201 ("Creditor action against member.") 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 § 355.201?
A common citation format is "Revised Statutes of Missouri § 355.201" (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 § 355.201 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.