Missouri § 110.020 Securities deposited, amount of.

Missouri Statutes

§ 110.020 — Securities deposited, amount of.

Missouri § 110.020

Title VIIIPUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS

Ch. 110Depositaries for Public Funds

This text of Missouri § 110.020 (Securities deposited, amount of.) 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. § 110.020 (2026).

Text

The value of the securities deposited and maintained by a legal depositary under section 110.010 shall at all times be not less than one hundred percent of the actual amount of the funds on deposit with the depositary, less the amount, if any, insured by the Federal Deposit Insurance Corporation.

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Legislative History

(RSMo 1939 § 8184, A.L. 1959 S.B. 77, A.L. 1973 S.B. 66) Accounts of certain savings and loan associations shall be legal securities, when, 369.194 Bonds, notes, etc., of the FHA may be used as security, 362.190