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2012 Missouri Revised Statutes
TITLE XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 375 Provisions Applicable to All Insurance Companies
Section 375.370 Collateral to be assigned to company.
Universal Citation:
MO Rev Stat § 375.370 (2012)
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Collateral to be assigned to company.
375.370. All stocks and other evidence of indebtedness, except such as are transferable by delivery, held by insurance companies doing business in this state, as collateral for moneys loaned or other obligations, shall be regularly assigned and transferred over to said companies by the corporations or individuals issuing the same, and shall be surrendered by such companies only when the obligations of the assignors shall have been permanently and satisfactorily fulfilled and discharged.
(RSMo 1939 6035)Prior revisions: 1929 5924; 1919 6332; 1909 7063
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