Mo. Rev. Stat. ch. 426 – Assignment for Benefit of Creditors | Midpage

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Revised Statutes of Missouri

Chapter 426

Mo. Rev. Stat. ch. 426

Assignment for Benefit of Creditors

426.010Voluntary assignment — execution of 426.020Assignee to file inventory, when and where 426.030Inventory to be sworn to 426.040Appraisers, appointment of 426.050Oath, filing and compensation of appraisers 426.060Additional property, duty of assignee 426.070Assignor's list of property — filing of bond of assignee — additional bond 426.080Bond, condition of 426.090Bond, where filed and recorded — approval 426.100Bonds taken in absence of judge, approval or rejection 426.110If rejected, court to order new bond — failure to give revokes authority 426.120Rejected bond valid until new one given — new bond relates back 426.130Suit on bond, by whom and when brought — damages 426.140Assignee to exhibit accounts, when and how — failure — citation — dismissal 426.150Notice of allowance of assignee's accounts by court, how given 426.160Expense of advertising 426.170Demands against estates, how and when allowed 426.180Notice, how given — creditor failing to present at proper time, precluded — exceptions 426.190Assignee may administer oaths and examine witnesses 426.200Evidence to establish demand 426.210Decisions of assignee final, unless appeal asked for — appeal to circuit court 426.220Appeals, how taken — affidavit and bond for 426.230Proceedings in circuit court upon appeal 426.240Judgment certified to assignee and claim allowed, when 426.250Demand of assignee against assignor, how allowed 426.260Assignee failing to file true inventory and give bond, court to issue citation 426.270On return of citation, court may order inventory and bond filed or dismiss assignee 426.280Insolvency or removal from state of surety, proceedings 426.290Assignee, vacancy — appointment 426.300Dismissal of assignee — books to be delivered to successor 426.310Sale of property assigned, how made 426.320Payments to creditors, when and in what amounts — penalty for failure 426.330Assignee shall exhibit condition of assets, when 426.340Failure to exhibit condition of assets — citation of assignee 426.350Assignee may apply for discharge, when and how 426.360Application referred to commissioner, when — proceedings 426.370If objections made, court to determine same, when and how 426.380Appeals, how taken 426.390Proceedings when temporary assignee fails to act, how conducted 426.400Court may order assignee to compromise debts, when and how 426.410Defining the power and authority of assignees