The directors of any state or national bank or trust company qualified to act as fiduciary in this state may from time to time set apart, as a trust guaranty fund, such portion of the profits as they may consider expedient. The fund shall be invested in such securities only as are legal for the investment of trust funds. The accounts of this fund shall be kept in the trust department.
Mo. Rev. Stat. § 362.560
Trust guaranty fund
Known as the Missouri Family Trust Company Act
The act spans §§ 362–362 (204 sections).
Effective: 28 Aug 1967; (L. 1967 p. 445); (Source: RSMo 1959 § 363.210)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.