Effective - 28 Aug 1939
431.170. Action against assignor by assignee, when. — The assignee of a bond, nonnegotiable note or account, may maintain an action against the assignor, upon failure to obtain payment from the obligor, maker or debtor, only in one of the following cases:
(1) If he use due diligence in the institution and prosecution of a suit against the obligor, maker or debtor, for the recovery of the money or property due, or damages in lieu thereof;
(2) If the obligor, maker or debtor is insolvent, or is not a resident of this state, so that a suit would be unavailing or could not be instituted.
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(RSMo 1939 § 3347)
Prior revisions: 1929 § 2960; 1919 § 2162; 1909 § 2776
Structure Missouri Revised Statutes
Title XXVIII - Contracts and Contractual Relations
Chapter 431 - General Provisions as to Contracts
Section 431.010 - Private seals abolished.
Section 431.020 - Instrument of writing to import consideration — due and payable as specified.
Section 431.030 - Provisions limiting time for bringing suits prohibited.
Section 431.040 - Fraud in sale of nursery stock — damages recoverable.
Section 431.050 - Failure of nurserymen to deliver at proper time and season, contract voidable.
Section 431.055 - Persons competent to contract when eighteen years of age.
Section 431.061 - Consent to surgical or medical treatment, who may give, when.
Section 431.063 - Implied consent, when valid — lack of consent, when excused — emergency defined.
Section 431.065 - Minor spouse or parent may give consent, when.
Section 431.067 - Contracts of minors to borrow money for higher education — validity.
Section 431.070 - Contracts with counties, effect.
Section 431.080 - Suit may be instituted thereon.
Section 431.090 - County commission may appoint agent to contract for county.
Section 431.100 - Claims against county for work and labor.
Section 431.110 - Joint contracts to be construed as joint and several.
Section 431.120 - Joint debt shall survive, against whom.
Section 431.130 - Survival of debt, against whom.
Section 431.140 - Joint obligations — suit brought against whom.
Section 431.150 - Creditor may compound with one of several debtors — release — what sums.
Section 431.160 - Assignor shall not release demand, when — title of assignee.
Section 431.170 - Action against assignor by assignee, when.
Section 431.202 - Employment covenants enforceable, when — reasonability presumption.