Missouri § 361.430 - On taking possession, director shall notify those holding assets — effect of notification.
Full text of Missouri Revised Statutes of Missouri § 361.430 — On taking possession, director shall notify those holding assets — effect of notification., with citation guidance and answers to common questions.
§ 361.430. On taking possession, director shall notify those holding assets — effect of notification.
1. When the director shall have taken possession of the property and business of any such corporation, he shall forthwith give notice of such fact to any and all banks, trust companies, associations and individuals holding any assets of such corporation.
2. No corporation, association or individual having notice or knowledge that the director has taken possession of such corporation, shall have a lien or charge against any of the assets of such corporation for any payment, advance or clearance thereafter made, or liability thereafter incurred.
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(RSMo 1939 § 7920)
Prior revisions: 1929 § 5326; 1919 § 11709
---- end of effective 28 Aug 1939 ----
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Effective dates prior to 1940 may not be the actual effective date. See FAQ 'When do laws become effective?'
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 361.430
What does Revised Statutes of Missouri § 361.430 cover?
Section 361.430 ("On taking possession, director shall notify those holding assets — effect of notification.") 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 § 361.430?
A common citation format is "Revised Statutes of Missouri § 361.430" (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 § 361.430 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.