370.154. Powers of receiver. - Missouri Statutes

Powers of receiver.

370.154. 1. The director or other suitable person, whileacting as temporary or permanent receiver of a credit union, maycompromise and settle, under such general or specific authorityas may be granted by order of the court, any and all debts owingby or claims against the credit union, and any indebtedness owingto or claims held by the credit union.

2. The courts may determine the value at which any accountsor shares of the credit union pledged to it as collateral withloans may be applied in reduction of the loans.

3. The director, while in charge of a credit union, mayreceive and receipt for any property of or money owing to thecredit union, and * release and satisfy any lien securing thepayment of any money so owing.

(L. 1967 p. 509)

*Word "to" appears in original rolls.