Missouri § 361.390 - Liquidation — special deputy may be appointed.
Full text of Missouri Revised Statutes of Missouri § 361.390 — Liquidation — special deputy may be appointed., with citation guidance and answers to common questions.
§ 361.390. Liquidation — special deputy may be appointed.
1. The director may, by certificate, under his or her hand and official seal, appoint one or more special deputy directors as agent or agents to assist him in liquidating the business and affairs of any corporation in his or her possession.
2. The director shall file such certificate in the public records of the division of finance.
3. He or she may, from time to time, delegate such special deputy director to perform such duties connected with such liquidation as he or she may deem proper. He or she may employ such expert assistants and counsel and may retain such of the officers or employees of such corporation as he or she may deem necessary in the liquidation and distribution of the assets of such corporation.
4. He or she shall require such security as he or she may deem proper from his or her agents and assistants appointed pursuant to the provisions of this section.
5. The director may appoint a bank or trust company as such special deputy director and any bank or trust company receiving and accepting any such appointment shall be fully authorized and empowered to do any and all acts and things which the director may deem necessary and advisable in liquidating the business and affairs of the corporation in his or her possession; provided, however, that no salaries or attorney fees shall be paid unless approved by the circuit court in Cole County, which circuit court may refuse to approve any salaries or attorney fees that it may deem exorbitant, and set a less fee or salary, which less fee or salary shall be the* amount paid.
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(RSMo 1939 § 7917, A.L. 1978 H.B. 1634, A.L. 2000 S.B. 896)
Prior revisions: 1929 § 5323; 1919 § 11706
*Word "the" does not appear in original rolls.
---- end of effective 28 Aug 2000 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 361.390
What does Revised Statutes of Missouri § 361.390 cover?
Section 361.390 ("Liquidation — special deputy may be appointed.") 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 § 361.390?
A common citation format is "Revised Statutes of Missouri § 361.390" (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 § 361.390 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.