288.180. Compromise of delinquent contributions. - Missouri Statutes

Compromise of delinquent contributions.

288.180. In any case in which the director finds, uponconsideration of a sworn financial statement and through suchother investigation as is deemed necessary, that an employer or aformer employer who no longer conducts an active business, hasinsufficient net assets to pay the full amount of allcontributions, interest, or penalties that may be due, and wheresuch employer or former employer can pay some but not all of suchamount, the director may agree to accept any amount he findsreasonable under the circumstances, as consideration for thesettlement of the full amount of contributions, interest orpenalties due, if he is satisfied that failure to accept suchamount would result in the loss of opportunity to collect anysubstantial portion of the contributions, interest or penalties.Wherever such an agreement is made there shall be placed in thedivision's files a statement of the full amount of thecontributions, interest or penalties, the amount paid asconsideration under the terms of the agreement, and the reasonfor the agreement. Any such agreement shall be final andconclusive as to the matters agreed upon except upon a showing offraud, or malfeasance, or misrepresentation of a material fact.

(L. 1951 p. 564 § 288.150)