Missouri § 375.1210 - Contingent claims, allowed when, exceptions.
Full text of Missouri Revised Statutes of Missouri § 375.1210 — Contingent claims, allowed when, exceptions., with citation guidance and answers to common questions.
§ 375.1210. Contingent claims, allowed when, exceptions.
1. The claim of a third party which is contingent only on his first obtaining a judgment against the insured shall be considered and allowed as if there were no such contingency.
2. A claim may be allowed even if contingent, if it is filed in accordance with section 375.1206. It may be allowed and may participate in all distributions declared after it is filed to the extent that it does not prejudice the orderly administration of the liquidation.
3. Claims that are due except for the passage of time shall be treated as absolute claims are treated, except that such claims may be discounted at the legal rate of interest for judgments.
4. Claims made under employment contracts by directors, principal officers, or persons in fact performing similar functions or having similar powers are limited to payment for services rendered prior to the issuance of any order of rehabilitation or liquidation under section 375.1168 or 375.1176.
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(L. 1991 H.B. 385, et al. § 86)
---- end of effective 28 Aug 1991 ----
Frequently Asked Questions About Missouri § 375.1210
What does Revised Statutes of Missouri § 375.1210 cover?
Section 375.1210 ("Contingent claims, allowed when, exceptions.") 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 § 375.1210?
A common citation format is "Revised Statutes of Missouri § 375.1210" (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 § 375.1210 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.