In addition to any other banking authority, a savings and loan association or a savings bank with authorized trust authority and created under the laws of this state may transfer by assignment, for consideration or no consideration, some or all of its fiduciary obligations that consist only of irrevocable life insurance trusts in the same way as permitted a Missouri bank or trust company under section 362.333.
Mo. Rev. Stat. § 369.162
Irrevocable life insurance trusts — savings and loan associations may..
Known as the Savings and Loan Law
The act spans §§ 369–369 (92 sections).
Effective: 28 Aug 2009; (L. 2009 H.B. 239 merged with S.B. 277)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.