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2017 Missouri Revised Statutes
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 362 Banks and Trust Companies
Section 362.185 Financial institutions may invest securities under Federal Housing Act.
Universal Citation: MO Rev Stat § 362.185 (2017)
Effective 28 Aug 1961
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 362362.185. Financial institutions may invest securities under Federal Housing Act. — It is lawful for banking institutions, trust companies, insurance companies; and loan and investment companies to invest their funds and the moneys in their custody or possession in bonds or notes secured by deeds of trust or mortgages insured by the Federal Housing Administrator, or in debentures and bonds issued by the Federal Housing Administrator pursuant to title II of the National Housing Act, or in debentures and bonds issued by national mortgage associations.
(RSMo 1939 § 8190, A.L. 1961 p. 463)
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