United States: Seven Things You Should Know About The New Missouri Commercial Receivership Act
Last Updated: June 7 2016

June 14, 2016
Noon to 1 p.m. Central Time

On May 10, 2016, the Missouri General Assembly passed the Missouri Commercial Receivership Act (the "MCRA"), providing for significant changes to Missouri's law on receiverships. Assuming that Governor Nixon signs the bill (which is almost certain), the law will become effective later this year.

The changes in the law and procedure are significant. The MCRA will make receivership a more robust remedy for parties dealing with financially distressed businesses and will introduce more predictability in Missouri receivership cases. Receivership in Missouri can now be carried out as a real alternative to bankruptcy in assisting to maintain a business and the value of a troubled business enterprise.

This webinar will cover the following:

  • Appointment of a receiver and type of receiverships
  • Duties of Receivers
  • Authority to sell property
  • Semi-automatic stay
  • Treatment of contract rights
  • Notice and claims process
  • Distribution

David Warfield
Cheryl Kelly
Brian Hockett

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