Opinion ID: 2276676
Heading Depth: 1
Heading Rank: 9

Heading: Extent of the new DeBaliviere association's authority

Text: Veal does not challenge the method of assignment or the authority of the president of the former corporation to have executed the assignment on behalf of the dissolved corporation. When responding to the new DeBaliviere Place Association's motion for summary judgment Veal admits that The original DeBaliviere Place Association assigned all rights to the current DeBaliviere Place Association (respondent). Veal's only challenge to the assignment is his contention that the dissolved corporation had no authority to assign its rightsa contention the law does not support. The former DeBaliviere association had the authority to assign its interestand did assign its interestto the new DeBaliviere association in June 2006. After the assignment, the new DeBaliviere Place Association had the authority to exercise any right in the declarationincluding billing, collecting, filing liens and enforcing the payment of assessments. The assignment allows the new DeBaliviere association to collect prior assessments owed to the former DeBaliviere association as well as to bill and collect for future assessments. In an assignment, the assignor gives all its rights to the assignee. Keisker v. Farmer, 90 S.W.3d 71, 74 (Mo. banc 2002). Due to its covenant running with the land, the former DeBaliviere association had a right to an assessment$46 per year, per single-family unitevery year. When the assignment occurred in 2006, the new DeBaliviere association had the right to collect assessments due under the covenant running with the land and owed under the declaration.