375.370. Collateral to be assigned to company. - Missouri Statutes

Collateral to be assigned to company.

375.370. All stocks and other evidence of indebtedness,except such as are transferable by delivery, held by insurancecompanies doing business in this state, as collateral for moneysloaned or other obligations, shall be regularly assigned andtransferred over to said companies by the corporations orindividuals issuing the same, and shall be surrendered by suchcompanies only when the obligations of the assignors shall havebeen permanently and satisfactorily fulfilled and discharged.

(RSMo 1939 § 6035)

Prior revisions: 1929 § 5924; 1919 § 6332; 1909 § 7063