In addition to any other banking authority, a savings and loan association or savings bank may act as a custodian for any entity, public or private, and place funds in any other financial institutions, provided such funds are placed in deposits and insured by the Federal Deposit Insurance Corporation.
Mo. Rev. Stat. § 369.161
Savings and loan association or savings bank may act as custodian, when
Known as the Savings and Loan Law
The act spans §§ 369–369 (92 sections).
Effective: 28 Aug 2004; (L. 2004 S.B. 1093)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.