436.445. Trustee not to make decisions, when. - Missouri Statutes

Trustee not to make decisions, when.

436.445. A trustee of any preneed trust, including trusts establishedbefore August 28, 2009, shall not after August 28, 2009, make any decisionsto invest any trust fund with:

(1) The spouse of the trustee;

(2) The descendants, siblings, parents, or spouses of a seller or anofficer, manager, director or employee of a seller, provider, or preneedagent;

(3) Agents or attorneys of a trustee, seller, or provider; or

(4) A corporation or other person or enterprise in which the trustee,seller, or provider owns a controlling interest or has an interest thatmight affect the trustee's judgment.

(L. 2009 S.B. 1)