Missouri § 375.660 - Disposition of assets.
Full text of Missouri Revised Statutes of Missouri § 375.660 — Disposition of assets., with citation guidance and answers to common questions.
§ 375.660. Disposition of assets.
1. If the court directs the director to liquidate, settle or wind up the affairs of the defendant, said director shall take immediate possession of the assets, books and papers of the defendant, and unless disposition of the assets of the defendant is made by a reinsurance agreement as may be provided by law, he shall sell and dispose of the real estate and other property of the defendant, subject to the approval of the court, and may execute in his own name, as director, all necessary and proper conveyances of the same; he may also, in his own name as such director, maintain and defend all actions in the courts of this or any other state, or of the United States, relating to the defendant, its assets, liabilities and business.
2. This section shall apply only to proceedings instituted before August 28, 1991.
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(RSMo 1939 § 6059, A.L. 1992 H.B. 1574)
Prior revisions: 1929 § 5948; 1919 § 6356; 1909 § 7086
---- end of effective 28 Aug 1992 ----
Frequently Asked Questions About Missouri § 375.660
What does Revised Statutes of Missouri § 375.660 cover?
Section 375.660 ("Disposition of assets.") 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 § 375.660?
A common citation format is "Revised Statutes of Missouri § 375.660" (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 § 375.660 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.