Management authority, exclusively vested
Known as the Missouri Family Trust Company Act
The act spans §§ 362–362 (204 sections).
Effective: 28 Aug 2020, 2 histories; (L. 2017 H.B. 292, A.L. 2020 S.B. 599)
Exclusive authority to manage a family trust company shall be vested in:
(1) If a corporation, a board of directors that consists of at least three directors; or
(2) If a limited liability company, a board of directors or managers that consists of at least three directors or managers.
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.