362.810. Trust and fiduciary relations of old companies continue in new. - Missouri Statutes

Trust and fiduciary relations of old companies continue in new.

362.810. If any bank having fiduciary powers or any trustcompany which merges with or shall have merged with another, orif any bank having fiduciary powers or any trust company whichconsolidates with or shall have consolidated with another orother bank or trust companies to form a consolidated bank havingfiduciary power or a consolidated trust company shall benominated and appointed or shall have been nominated or appointedas personal representative, conservator, agent or trustee or inany other trust relation or fiduciary capacity in any will, trustagreement, trust conveyance or any other conveyance or instrumentwhatsoever prior to the merger or consolidation, even though thewill, trust agreement, trust conveyance, or other conveyance orinstrument shall not become operative or effective until afterthe merger or consolidation becomes effective, the office, trustrelationship, fiduciary capacity and all of the rights, powers,privileges, duties, discretions and responsibilities, so providedto devolve upon, vest in, or inure to the corporation sonominated or appointed, shall fully and in every respect devolveupon, vest in and inure to and be exercised by the bank or trustcompany formed by any consolidation to which the bank or trustcompany so designated shall have been a party, whether there beone or more successive mergers or consolidations.

(L. 1967 p. 445, A.L. 1983 S.B. 44 & 45)

(Source: RSMo 1959 § 363.970)