There is a newer version
of
this Section
2022 Missouri Revised Statutes
Title VIII - Public Officers and Employees, Bonds and Records
Chapter 110 - Depositaries for Public Funds
Section 110.020 - Securities deposited, amount of.
Universal Citation: MO Rev Stat § 110.020 (2022)
Effective - 28 Aug 1973
110.020. Securities deposited, amount of. — The value of the securities deposited and maintained by a legal depositary under section 110.010 shall at all times be not less than one hundred percent of the actual amount of the funds on deposit with the depositary, less the amount, if any, insured by the Federal Deposit Insurance Corporation.
--------
(RSMo 1939 § 8184, A.L. 1959 S.B. 77, A.L. 1973 S.B. 66)
CROSS REFERENCES:
Accounts of certain savings and loan associations shall be legal securities, when, 369.194
Bonds, notes, etc., of the FHA may be used as security, 362.190
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.