Receiver discharged, when
A receiver is a person put in charge of a property by a court to fix problems with it. When the problems are fixed and all the costs are paid, the receiver gives the court a full report and is then let go. If there is money left over, the court decides who gets it — the owner or anyone owed money on the property. The owner or lender can also ask the court to end the receivership early, as long as they pay back everything the receiver spent.
441.600. , when. — The receiver shall be discharged upon rendering a full and complete to the court when the conditions giving rise to the have been and the cost thereof, and all other costs by sections 441.500 to 441.640, have been paid or and any money has been paid over to the owner or the or any as the court may direct. However, at any time, the receiver may be discharged upon his account as receiver without affecting the right of the to its . Upon the removal of the condition giving rise to the receivership, the owner, the mortgagee or lienor may apply for the of the receiver upon payment to the receiver of all moneys expended by the receiver for removal of such condition and all other costs authorized by sections 441.500 to 441.640 which have not been paid or reimbursed.
Tap any gold-underlined word to see what it means.
Red section numbers link to that law.
Source & history notes
(L. 1969 p. 537 § 11, A.L. 1993 S.B. 376)
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.