# Mo. Rev. Stat. § 461.023: 461.023 Assignments effective on death of owner — delivery, effect

> Missouri · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.023

## Section

- **Citation:** Mo. Rev. Stat. § 461.023
- **Heading:** 461.023 Assignments effective on death of owner — delivery, effect
- **Jurisdiction:** Missouri
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MO Code / Chapter 461 / Section 461.023

## Text

461.023. Assignments effective on death of owner — delivery, effect. — 1. A written assignment of a contract right that assigns the right to receive any performance remaining due under the contract to an assignee designated by the owner, that expressly states that the assignment is not to take effect until the death of the owner, transfers the right to receive performance due under the contract to the designated assignee beneficiary, effective on death of the owner, if the assignment is executed and delivered in proper form to the contract obligor prior to the death of the owner or is executed in proper form and acknowledged before a notary public or other person authorized to administer oaths. A beneficiary assignment need not be supported by consideration or be delivered to the assignee beneficiary.

2. This section does not preclude other methods of assignment that are permitted by law and that have the effect of postponing enjoyment of a contract right until the death of the owner.

(L. 1989 H.B. 145 § 24, A.L. 1995 S.B. 116)

## Nearby sections

- [Mo. Rev. Stat. § 461.001 461.001 Transfers on death, certain provisions deemed nontestamentary, exceptions.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.001.md)
- [Mo. Rev. Stat. § 461.003 461.003 Law, how cited.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.003.md)
- [Mo. Rev. Stat. § 461.005 461.005 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.005.md)
- [Mo. Rev. Stat. § 461.009 461.009 Nonprobate transfers not subject to requirements of a will — effect with or ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.009.md)
- [Mo. Rev. Stat. § 461.011 461.011 Transferring entity acting as agent for owner subject to nontransfer law, ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.011.md)
- [Mo. Rev. Stat. § 461.012 461.012 Nonprobate transfers subject to agreement of transferring entity, when.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.012.md)
- [Mo. Rev. Stat. § 461.014 461.014 Transferring entity, obligation resulting from acceptance and registration.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.014.md)
- [Mo. Rev. Stat. § 461.021 461.021 Beneficiary designation under written instrument or law, effect.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.021.md)
- [Mo. Rev. Stat. § 461.023 461.023 Assignments effective on death of owner — delivery, effect.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.023.md)
- [Mo. Rev. Stat. § 461.025 461.025 Deeds effective on death of owner — recording, effect.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.025.md)
- [Mo. Rev. Stat. § 461.026 461.026 Procedure to transfer tangible personal property to take effect on death of ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.026.md)
- [Mo. Rev. Stat. § 461.027 461.027 Transferor may directly transfer property to a transferee to hold as owner ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.027.md)
- [Mo. Rev. Stat. § 461.028 461.028 Registration of property, including accounts and securities in beneficiary ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.028.md)
- [Mo. Rev. Stat. § 461.031 461.031 Effect of beneficiary designation on ownership of property during lifetime ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.031.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.023. Check the current official text before relying on it. Not legal advice.