361.390. Liquidation--special deputy may be appointed.

MISSOURI STATUTES AND CODES

361.390. Liquidation--special deputy may be appointed.

Liquidation--special deputy may be appointed.

361.390. 1. The director may, by certificate, under his or her handand official seal, appoint one or more special deputy directors as agent oragents to assist him in liquidating the business and affairs of anycorporation in his or her possession.

2. The director shall file such certificate in the public records ofthe division of finance.

3. He or she may, from time to time, delegate such special deputydirector to perform such duties connected with such liquidation as he orshe may deem proper. He or she may employ such expert assistants andcounsel and may retain such of the officers or employees of suchcorporation as he or she may deem necessary in the liquidation anddistribution of the assets of such corporation.

4. He or she shall require such security as he or she may deem properfrom his or her agents and assistants appointed pursuant to the provisionsof this section.

5. The director may appoint a bank or trust company as such specialdeputy director and any bank or trust company receiving and accepting anysuch appointment shall be fully authorized and empowered to do any and allacts and things which the director may deem necessary and advisable inliquidating the business and affairs of the corporation in his or herpossession; provided, however, that no salaries or attorney fees shall bepaid unless approved by the circuit court in Cole County, which circuitcourt may refuse to approve any salaries or attorney fees that it may deemexorbitant, and set a less fee or salary, which less fee or salary shall bethe* amount paid.