Missouri § 426.410 Defining the power and authority of assignees.

Missouri Statutes

§ 426.410 — Defining the power and authority of assignees.

Missouri § 426.410

Title XXVIIDEBTOR-CREDITOR RELATIONS

Ch. 426Assignment for Benefit of Creditors

This text of Missouri § 426.410 (Defining the power and authority of assignees.) 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. § 426.410 (2026).

Text

Every assignee under the general assignment law of this state is hereby declared to be a trustee for the benefit of the creditors of his assignor.  Any such assignee shall have the power and authority to prosecute such actions for property and make such defense to claims against the assigned property as a trustee in a deed of trust, or an attachment or execution creditor with a writ levied on such property could prosecute or make.

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Every assignee under the general assignment law of this state is hereby declared to be a trustee for the benefit of the creditors of his assignor. Any such assignee shall have the power and authority to prosecute such actions for property and make such defense to claims against the assigned property as a trustee in a deed of trust, or an attachment or execution creditor with a writ levied on such property could prosecute or make.