Section 376.984 Abatement or deferring all or part of assessment of member, when — amount abated or deferred may be assessed against other members

Section 376.984 Abatement or deferring all or part of assessment of member, when — amount abated or deferred may be assessed against other members — deficiency liability.

MO Rev Stat § 376.984 (2019) (N/A)

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Effective 01 Jan 1991, see footnote

376.984. Abatement or deferring all or part of assessment of member, when — amount abated or deferred may be assessed against other members — deficiency liability. — The board may abate or defer, in whole or in part, the assessment of a member if, in the opinion of the board, payment of the assessment would endanger the ability of the member to fulfill its contractual obligations. In the event an assessment against a member is abated or deferred in whole or in part, the amount by which such assessment is abated or deferred may be assessed against the other members in a manner consistent with the basis for assessment set forth in subsections 1, 2, and 3 of section 376.973. The member receiving such abatement or deferment shall remain liable to the pool for the deficiency for four years.

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(L. 1990 H.B. 998 § 5 subsec. 6)

Effective 1-01-91

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