Missouri Revised Statutes













Chapter 361

Division of Finance and Powers of Director of Finance

←361.360

Section 361.365.1

361.370→

August 28, 2015

Director may appoint the Federal Deposit Insurance Corporation as liquidating agent--effect of.

361.365. The director may appoint the Federal Deposit Insurance

Corporation as liquidating agent of any banking corporation insured thereby

of which he has duly taken possession under any provision of this chapter,

and the Federal Deposit Insurance Corporation as liquidating agent shall

thereupon be vested with both legal and equitable title to all the assets,

rights, claims and other real and personal property of the closed bank. The

Federal Deposit Insurance Corporation as liquidating agent shall have power

to perform all acts of the director in the liquidation of the closed bank.



(L. 1977 S.B. 420, A.L. 2005 H.B. 707)





1991



1991



361.365. The director may appoint the Federal Deposit

Insurance Corporation as liquidating agent of any banking

corporation insured thereby of which he has duly taken possession

under any provision of this chapter, and the Federal Deposit

Insurance Corporation as liquidating agent shall thereupon be

vested with both legal and equitable title to all the assets,

rights, claims and other real and personal property of the closed

bank. The Federal Deposit Insurance Corporation as liquidating

agent shall have power to perform all acts of the director in the

liquidation of the closed bank. The director shall petition the

circuit court in the judicial district in which the principal

office of such insured banking corporation is located for an

order confirming the appointment of the Federal Deposit Insurance

Corporation as liquidating agent of such bank.



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