Missouri § 382.280 Director to take possession, when.

Missouri Statutes

§ 382.280 — Director to take possession, when.

Missouri § 382.280

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 382Insurance Holding Companies

This text of Missouri § 382.280 (Director to take possession, when.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 382.280 (2026).

Text

Whenever it appears to the director that any person has committed a violation of sections 382.010 to 382.300 which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, then the director may proceed as provided by law to take possession of the property of such domestic insurer and to conduct the business thereof.

Free access — add to your briefcase to read the full text and ask questions with AI

Whenever it appears to the director that any person has committed a violation of sections 382.010 to 382.300 which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, then the director may proceed as provided by law to take possession of the property of such domestic insurer and to conduct the business thereof.