If the state finance director shall, during the period of sixty days next following the taking possession of any such bank or trust company under the provisions of law, find that such bank or trust company should not be permitted to continue in business, or cannot be reorganized on a sound basis, he shall proceed as provided by law to effect the liquidation thereof.
Mo. Rev. Stat. § 362.510
When director shall liquidate
Known as the Missouri Family Trust Company Act
The act spans §§ 362–362 (204 sections).
Effective: 28 Aug 1939; (RSMo 1939 § 8006)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.