If the board of a seven-director district at any time deems it necessary for the protection of the school district, by resolution it may require a depositary to deposit additional security, and upon failure to do so within five days after the service of a copy of the resolution upon the depositary the board may proceed to select another depositary in its place in the manner provided herein.
Mo. Rev. Stat. § 165.251
Additional security may be required
Effective: 28 Aug 1963; (L. 1963 p. 200 § 6-25); (Source: RSMo 1959 § 165.433)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.