362.560. Trust guaranty fund. - Missouri Statutes

Trust guaranty fund.

362.560. The directors of any state or national bank ortrust company qualified to act as fiduciary in this state mayfrom time to time set apart, as a trust guaranty fund, suchportion of the profits as they may consider expedient. The fundshall be invested in such securities only as are legal for theinvestment of trust funds. The accounts of this fund shall bekept in the trust department.

(L. 1967 p. 445)

(Source: RSMo 1959 § 363.210)