361.490. Deposit of moneys collected--preference. - Missouri Statutes

Deposit of moneys collected--preference.

361.490. The moneys collected by the director shall be fromtime to time deposited in one or more state banks or trustcompanies and, in case of the insolvency or voluntary orinvoluntary liquidation of the depositary, these deposits shallbe entitled to priority of payment on an equality with any otherpriority given by this chapter.

(RSMo 1939 § 7926, A.L. 1967 p. 445)

Prior revisions: 1929 § 5331; 1919 § 11714