456.013. Trusts for benefit of employees or self-employed persons--accumulation. - Missouri Statutes

Trusts for benefit of employees or self-employedpersons--accumulation.

456.013. The income arising from any property held in a trust createdas part of a stock bonus plan, pension plan, disability or death benefitplan, medical benefit plan, profit-sharing plan or retirement plan for theexclusive benefit of employees or self-employed persons to whichcontributions are made by an employer or employees, or both, or byself-employed persons, for the purpose of distributing in accordance withsuch plan to such employees or self-employed persons the earnings or theprincipal or both earnings and principal of the trust fund, may bepermitted to accumulate until the fund shall be sufficient to accomplishthe purposes of such plan.

(L. 1941 p. 716 § 3541-B, A.L. 1957 p. 868, A.L. 1959 S.B. 270, A.L. 1983 H.B. 117, A.L. 2004 H.B. 1511)

*Transferred 2004; formerly 456.070. No continuity with § 456.013 as repealed in L. 2001 H.B. 241.