576.15 COMPENSATION OF RECEIVER; TITLE OF ABSENTEE LOST AFTER FOUR
The receiver shall be allowed such compensation and disbursements as the court orders, to
be paid out of the property or proceeds. If, within four years after the date of the disappearance or
absconding, as found and recorded by the court, the absentee appears, and has not been declared
dead under section
, or an administrator, executor, assignee in insolvency, or trustee in
bankruptcy of the absentee is appointed, the receiver shall account for, deliver, and pay over to the
absentee the remainder of the property. If the absentee does not appear and claim the property
within four years, all the absentee's right, title, and interest in the property, real or personal, or the
proceeds thereof, shall cease, and no action shall be brought by the absentee on account thereof.
If the absentee is declared dead pursuant to section
and appears before the expiration
of four years, the absentee shall have no right, title and interest in the property, real or personal, or
the proceeds thereof.
History: (8080-12) 1925 c 262 s 12; 1974 c 447 s 15; 1986 c 444