Missouri § 426.350 Assignee may apply for discharge, when and how.

Missouri Statutes

§ 426.350 — Assignee may apply for discharge, when and how.

Missouri § 426.350

Title XXVIIDEBTOR-CREDITOR RELATIONS

Ch. 426Assignment for Benefit of Creditors

This text of Missouri § 426.350 (Assignee may apply for discharge, when and how.) 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. § 426.350 (2026).

Text

When any assignee becomes satisfied that it is no longer advantageous to the creditors of his assignor to keep the assignment open, he may apply to the circuit court in whose clerk's office the inventory is filed for a discharge from his trust, upon a notice of his intention to make such application, stating the time thereof, which notice shall be published in the newspaper aforesaid, for at least six weeks next before such time, at which time he may file his petition in said court for such discharge; which petition, verified by his affidavit, shall set forth the disposition made of the assets of the assignment to him; what portion of them remains on hand, and their condition; the amount realized from the assets; the particular disposition of such amount; the demands allowed, particularly,

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When any assignee becomes satisfied that it is no longer advantageous to the creditors of his assignor to keep the assignment open, he may apply to the circuit court in whose clerk's office the inventory is filed for a discharge from his trust, upon a notice of his intention to make such application, stating the time thereof, which notice shall be published in the newspaper aforesaid, for at least six weeks next before such time, at which time he may file his petition in said court for such discharge; which petition, verified by his affidavit, shall set forth the disposition made of the assets of the assignment to him; what portion of them remains on hand, and their condition; the amount realized from the assets; the particular disposition of such amount; the demands allowed, particularly, with their respective amounts and owners' names, and the sums paid on each, with an offer to deliver into the charge of the court what remains of the assets and the evidence thereof, and accompanied with all vouchers therewith connected.