The receiver or any party upon order of the court following notice and a hearing and upon the terms and conditions the court considers just and proper may abandon any estate property that is burdensome to the receiver or is of inconsequential value or benefit. However, a receiver may not abandon property that is a hazard or potential hazard to the public in contravention of a state statute or rule that is reasonably designed to protect the public health or safety from identified hazards. Property that is abandoned no longer constitutes estate property.
Mo. Rev. Stat. § 515.640
Burdensome property, abandonment of, when
Known as the Missouri Commercial Receivership Act
The act spans §§ 515–515 (57 sections).
Effective: 28 Aug 2016; (L. 2016 H.B. 1765 merged with S.B. 578)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.