Missouri § 103.036 Benefit trust fund account to be established by board, purpose — powers of board to carry out duties.

Missouri Statutes

§ 103.036 — Benefit trust fund account to be established by board, purpose — powers of board to carry out duties.

Missouri § 103.036

Title VIIIPUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS

Ch. 103Health Plan for State Employees

This text of Missouri § 103.036 (Benefit trust fund account to be established by board, purpose — powers of board to carry out duties.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 103.036 (2026).

Text

The board shall set up and maintain a benefit trust fund account in which shall be placed all payroll deductions, payments, and income from all sources.  All property, money, funds, investments, and rights which shall belong to or be available for expenditure or use by the plan shall be dedicated to and held in trust for the members and for the purposes herein set out and no other.  The board shall have power, in the name and on behalf of the plan, to purchase, acquire, hold, invest, lend, lease, sell, assign, transfer, and dispose of all property, rights, and securities, and enter into written contracts as may be necessary and proper to carry out its duties.

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The board shall set up and maintain a benefit trust fund account in which shall be placed all payroll deductions, payments, and income from all sources. All property, money, funds, investments, and rights which shall belong to or be available for expenditure or use by the plan shall be dedicated to and held in trust for the members and for the purposes herein set out and no other. The board shall have power, in the name and on behalf of the plan, to purchase, acquire, hold, invest, lend, lease, sell, assign, transfer, and dispose of all property, rights, and securities, and enter into written contracts as may be necessary and proper to carry out its duties.