2017 Missouri Revised Statutes
Title XXVIII CONTRACTS AND CONTRACTUAL RELATIONS
Chapter 436 Special Purpose Contracts
Section 436.445 Trustee not to make decisions, when.
Effective 28 Aug 2011
Title XXVIII CONTRACTS AND CONTRACTUAL RELATIONS
Chapter 436436.445. Trustee not to make decisions, when. — A trustee of any preneed trust, including trusts established before August 28, 2009, shall not after August 28, 2009, make any decisions to invest any trust fund with:
(1) The spouse of the trustee;
(2) The descendants, siblings, parents, or spouses of a seller or an officer, manager, director or employee of a seller, provider, or preneed agent;
(3) Agents, other than authorized external investment advisors as authorized by section 436.440, or attorneys of a trustee, seller, or provider; or
(4) A corporation or other person or enterprise in which the trustee, seller, or provider owns a controlling interest or has an interest that might affect the trustee's judgment.
(L. 2009 S.B. 1, A.L. 2011 H.B. 265 merged with S.B. 325)