Section 288.180 Compromise of delinquent contributions.

MO Rev Stat § 288.180 (2019) (N/A)

Copy with citation

Copy as parenthetical citation

Effective 28 Aug 1951

288.180. Compromise of delinquent contributions. — In any case in which the director finds, upon consideration of a sworn financial statement and through such other investigation as is deemed necessary, that an employer or a former employer who no longer conducts an active business, has insufficient net assets to pay the full amount of all contributions, interest, or penalties that may be due, and where such employer or former employer can pay some but not all of such amount, the director may agree to accept any amount he finds reasonable under the circumstances, as consideration for the settlement of the full amount of contributions, interest or penalties due, if he is satisfied that failure to accept such amount would result in the loss of opportunity to collect any substantial portion of the contributions, interest or penalties. Wherever such an agreement is made there shall be placed in the division's files a statement of the full amount of the contributions, interest or penalties, the amount paid as consideration under the terms of the agreement, and the reason for the agreement. Any such agreement shall be final and conclusive as to the matters agreed upon except upon a showing of fraud, or malfeasance, or misrepresentation of a material fact.

--------

(L. 1951 p. 564 § 288.150)

Previous Section

Section 288.175 Debtor's federal income tax refund may be intercepted — debt defined — debtor defined — use of collection agencies authorized.

Next Section

Section 288.190 Administrative appeals on disputed determinations — party subject to appeal decision, right to counsel.