245.235. Unpaid warrants to draw interest. - Missouri Statutes

Unpaid warrants to draw interest.

245.235. Any warrant issued under sections 245.010 to245.280 that is not paid when presented to the treasurer of theboard of supervisors of the district, because of lack of funds inthe treasury, such fact shall be endorsed on the back of thewarrant, and the warrant shall draw interest thereafter at a rateof not more than twelve percent per annum, until such time asthere is any money on hand to pay the amount of the warrant andthe interest then accumulated, but no interest shall be allowedon warrants after such time when sufficient funds are in thetreasury to pay the endorsed warrants and interest.

(RSMo 1939 § 12524, A.L. 1985 H.B. 378)

Prior revisions: 1929 § 10934; 1919 § 4628