Section 361.480 – Director may borrow on assets of closed corporation.
Effective – 02 Jan 1979 361.480. Director may borrow on assets of closed corporation. — 1. The director of finance, deputy director of finance, liquidating agent, receiver or other person or persons lawfully in charge of the property and business of any closed bank or trust company is authorized, upon the order of the circuit […]
Section 361.490 – Deposit of moneys collected — preference.
Effective – 28 Aug 1967 361.490. Deposit of moneys collected — preference. — The moneys collected by the director shall be from time to time deposited in one or more state banks or trust companies and, in case of the insolvency or voluntary or involuntary liquidation of the depositary, these deposits shall be entitled to […]
Section 361.380 – Surrender for liquidation.
Effective – 28 Aug 1949 361.380. Surrender for liquidation. — 1. Whenever the director shall surrender possession of such corporation under the provisions of section 361.370 for the purposes of liquidation, the corporation shall not receive deposits or engage in the general banking business. 2. The officers, as trustees of the corporation, in the corporate […]
Section 361.390 – Liquidation — special deputy may be appointed.
Effective – 28 Aug 2000 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 […]
Section 361.310 – Information to prosecuting attorney.
Effective – 28 Aug 1939 361.310. Information to prosecuting attorney. — Whenever the director of finance shall take charge or possession of any corporation, according to the provisions of section 361.300, it shall be his duty and he is hereby directed immediately and from time to time as the same appear during such charge or […]
Section 361.320 – Director may maintain action against officers, when.
Effective – 28 Aug 1939 361.320. Director may maintain action against officers, when. — At any time while the director is in possession of the property and business of any such corporation, he may within six years after the cause of action has accrued, institute and maintain in his name as finance director against its […]
Section 361.330 – Corporation not to make assignment — duty when in failing condition.
Effective – 28 Aug 1939 361.330. Corporation not to make assignment — duty when in failing condition. — 1. It shall be unlawful in this state for any corporation subject to the provisions of this chapter to make a voluntary general assignment of its business and affairs. 2. In case it shall find itself to […]
Section 361.340 – Circumstances under which possession by director may terminate.
Effective – 25 Jun 2009 361.340. Circumstances under which possession by director may terminate. — When the director shall have duly taken possession of such corporation, under any provision of this chapter, he may hold such possession until its affairs are finally liquidated by him, unless: (1) He shall have permitted such corporation to resume […]
Section 361.350 – Director may report delinquencies to attorney general to procure judgment of dissolution — reports presumptive evidence.
Effective – 28 Aug 1939 361.350. Director may report delinquencies to attorney general to procure judgment of dissolution — reports presumptive evidence. — 1. Whenever the director is entitled to take possession of any such corporation for any reason set forth in section 361.310, he may report to the attorney general and specify in such […]
Section 361.360 – Director’s possession may be challenged, when.
Effective – 02 Jan 1979 361.360. Director’s possession may be challenged, when. — At any time within ten days after the director has taken possession of the property and business of any such corporation, such corporation, with the approval of its board of directors, may apply to the circuit court in the judicial district in […]