On May 10, 2016, the Missouri General Assembly passed the Missouri Commercial Receivership Act (the MCRA), providing for significant changes to Missouri’s law on receiverships. The law is effective as of Aug. 28, 2016.
The changes in the law and procedure are significant. The MCRA will make receivership a more robust remedy for parties dealing with financially distressed businesses and will introduce more predictability in Missouri receivership cases. Receivership in Missouri can now be carried out as a real alternative to bankruptcy in assisting to maintain a business and the value of a troubled business enterprise.
This webinar covers the following:
June 14, 2016