Effective - 28 Aug 2016
515.605. Employment of professionals. — 1. The receiver, with the court's approval, may employ one or more attorneys, accountants, appraisers, auctioneers, or other professional persons that do not hold or represent an interest adverse to the receivership to represent or assist the receiver in carrying out the receiver's duties.
2. A person is not disqualified for employment under this section solely because of the person's employment by, representation of, or other relationship with a creditor or other party in interest, if the relationship is disclosed in the application for the person's employment and if the court determines that there is no actual conflict of interest or inappropriate appearance of a conflict.
3. This section does not preclude the court from authorizing the receiver to act as attorney or accountant if the authorization is in the best interests of the receivership.
4. The receiver and any professionals employed by the receiver shall maintain itemized billing records containing a description of services, the time spent, billing rates of all who perform work to be compensated, and a detailed list of expenses. The receiver, and any professionals employed by the receiver may file a motion requesting the allowance of fees and expenses. Notice of the motion shall be served on all persons required to be identified on the master mailing list maintained pursuant to section 515.610, advising that objections to the application shall be filed within ten days from the date of the notice, and if objections are not timely filed, the court may approve the motion without further notice or hearing. If an objection is filed, the receiver or professional whose compensation is affected may notice the objection for a hearing. Upon request of any person required to receive notice pursuant to this subsection, the receiver and any professionals employed by the receiver shall provide a copy of their itemized billing records upon which their motion for fees and expenses is based within five days of the date of the request.
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(L. 2016 H.B. 1765 merged with S.B. 578)
Structure Missouri Revised Statutes
Title XXXV - Civil Procedure and Limitations
Chapter 515 - Referees and Receivers
Section 515.010 - Cases referred by consent.
Section 515.020 - When referred by order of court.
Section 515.030 - Parties may agree upon referees or court shall appoint.
Section 515.040 - Referees to be disinterested parties.
Section 515.050 - Oath of referees.
Section 515.060 - Referees to hear and determine cause without delay.
Section 515.070 - Appointment in case of death or removal of referee.
Section 515.080 - Referees must all meet and conduct hearing.
Section 515.090 - Hearing — notice — adjournments.
Section 515.100 - Service of notices, how and by whom made.
Section 515.110 - Power to compel attendance of witnesses.
Section 515.120 - Service of notices and subpoenas.
Section 515.130 - May compel parties to testify and produce documents.
Section 515.140 - Punishment of parties for contempt.
Section 515.150 - Punishment for refusal to testify.
Section 515.160 - Depositions may be taken and read.
Section 515.170 - Testimony to be written — exceptions to be stated in report.
Section 515.180 - Court may compel referees to hear and report.
Section 515.190 - Report of referees.
Section 515.200 - Exceptions to report.
Section 515.210 - Proceedings on report.
Section 515.220 - Compensation of referees.
Section 515.230 - Compensation of witnesses and officers.
Section 515.500 - Citation of law.
Section 515.505 - Definitions.
Section 515.510 - Court authorized to appoint receiver, when, procedure.
Section 515.515 - General and limited receivers.
Section 515.520 - Notice of appointment, content.
Section 515.525 - Replacement of receiver, when.
Section 515.530 - Bond requirements.
Section 515.535 - Receiver to have powers and priority of creditor.
Section 515.540 - Court to have exclusive authority, when.
Section 515.545 - Powers, authority, and duties of receivers.
Section 515.550 - Estate property, turnover of upon demand — court action to compel.
Section 515.555 - Debtor duties and requirements.
Section 515.560 - Debtor to file schedules, when.
Section 515.565 - Appraisal not required without court order.
Section 515.570 - General receiver to file monthly report, contents.
Section 515.590 - Unsecured credit or debt, receiver may obtain, when.
Section 515.600 - Immunity from liability, when.
Section 515.605 - Employment of professionals.
Section 515.615 - Claims administration process.
Section 515.620 - Objection to a claim, procedure.
Section 515.625 - Distribution of claims.
Section 515.630 - Secured claims permitted against estate property.
Section 515.635 - Noncontingent liquidated claims, interest allowed, rate.
Section 515.640 - Burdensome property, abandonment of, when.
Section 515.645 - Use, sale, or lease of estate property by receiver.
Section 515.650 - Receiver may be appointed as a receiver by out-of-state court, when.
Section 515.655 - Removal or replacement of receiver, procedure.