Missouri § 362.590 Bond not required of banks and trust companies, when acting as fiduciaries.

Missouri Statutes

§ 362.590 — Bond not required of banks and trust companies, when acting as fiduciaries.

Missouri § 362.590

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 362Banks and Trust Companies

This text of Missouri § 362.590 (Bond not required of banks and trust companies, when acting as fiduciaries.) 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. § 362.590 (2026).

Text

Any state or national bank or trust company qualified to act as fiduciary in this state shall be permitted to qualify as guardian, executor, administrator, assignee, receiver, trustee, or in any fiduciary capacity, by appointment of any court, or under will, or depositary of money in court, without giving bond as such, and become sole guarantor or surety in or upon any bond required by law to be given in any proceeding in law or equity in any of the courts of this state or other states or of the United States, any other statute to the contrary notwithstanding.

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Any state or national bank or trust company qualified to act as fiduciary in this state shall be permitted to qualify as guardian, executor, administrator, assignee, receiver, trustee, or in any fiduciary capacity, by appointment of any court, or under will, or depositary of money in court, without giving bond as such, and become sole guarantor or surety in or upon any bond required by law to be given in any proceeding in law or equity in any of the courts of this state or other states or of the United States, any other statute to the contrary notwithstanding.

Legislative History

(L. 1967 p. 445, A.L. 1971 S.B. 171, A.L. 1977 S.B. 420) (Source: RSMo 1959 § 363.700) Bonds of political subdivisions lawful security, when, 108.290 (1951) Trust company may be appointed and qualify as executor in accordance with will without complying with this section. State ex rel. v. Stahlhuth, 362 Mo. 67, 239 S.W.2d 515.