Missouri Laws 376.754 – Stay of proceedings, insolvent insurer, when
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Terms Used In Missouri Laws 376.754
- Germane: On the subject of the pending bill or other business; a strict standard of relevance.
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
- Verdict: The decision of a petit jury or a judge.
All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed sixty days from the date an order of liquidation, rehabilitation, or conservation is final to permit proper legal action by the association on any matters germane to its powers or duties. As to judgment under any decision, order, verdict, or finding based on default the association may apply to have such judgment set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits.