There is a newer version
of
this Section
2018 Missouri Revised Statutes
Title VII - Cities, Towns and Villages
Chapter 87 - Firefighters' Retirement and Relief Systems
Section 87.275 Amount kept on deposit.
Universal Citation: MO Rev Stat § 87.275 (2018)
Effective 28 Aug 1959
Title VII CITIES, TOWNS AND VILLAGES
Chapter 8787.275. Amount kept on deposit. — For the purpose of meeting disbursements for benefits and other payments there may be kept available cash not exceeding ten percent of the total amount in the several funds of the retirement system on deposit in one or more banks or trust companies in the city, organized under the laws of the state of Missouri, or of the United States. The amount on deposit in any one bank or trust company shall not exceed twenty-five percent of the paid up capital and surplus of the bank or trust company.
--------
(L. 1943 p. 708 § 7, A.L. 1959 S.B. 314 § 86.563)
Disclaimer: These codes may not be the most recent version. Missouri may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
