108.230. Bond issue funds exempt from attachment and execution. - Missouri Statutes

Bond issue funds exempt from attachment and execution.

108.230. All money collected and all securities purchased orheld belonging to the interest and sinking fund of any county,city, incorporated town or village, school district, or otherpolitical corporation or subdivision of the state shall be exemptfrom attachment and execution. Such money and securities shallbe exempt from being levied upon, taken, sequestered, or appliedtoward paying the debts of any such county, city, incorporatedtown or village, school district, or other political corporationor subdivision of the state, other than for payment of theindebtedness for which such funds and securities were provided.The money and securities so held shall be deemed to be aninviolable sinking fund for the purpose of extinguishing theindebtedness for which such fund had been levied and collected.

(L. 1945 p. 1389 § 5)