reglab/housing_qa huggingface dataset:
MO Rev Stat § 362.950 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.950 - Affiliated entity of holding companies, transactions authorized — out-of-state transactions.

Effective - 28 Aug 1995   362.950. Affiliated entity of holding companies, transactions authorized — out-of-state transactions. — 1. Notwithstanding any other law to the contrary, any bank or trust company is authorized to conduct at the main banking house or any branch of such bank or trust company any one or more of the following transactions if so authorized by such affiliated entity:  (1) Receiving deposits from, or renewing deposits of, customers of such affiliated entity;  (2) Cashing or issuing checks, drafts or money orders for the account of customers of such affiliated entity;  (3) Closing and servicing loans and receiving loan payments and other payments due from customers of such affiliated entity.  2. Any bank or trust company intending to conduct or to authorize an affiliated entity to conduct any such transactions shall provide not less than thirty days' prior written notice thereof to the director of the division of finance.  3. For purposes of this section, the term "affiliated entity" means any bank or trust company of which at least eighty percent of the voting stock is owned or otherwise controlled, directly or indirectly, by a bank holding company, any individual or a group of individuals, or any other legal entity which also owns or otherwise controls, directly or indirectly, eighty percent of the voting stock of the bank or trust company conducting any such transactions.  4. Any bank or trust company may enter into an agreement with one or more out-of-state banks, trust companies, or both banks and trust companies, as a principal, agent, or both principal and agent, for the transactions authorized in this section. The provisions of this subsection are enacted to authorize state chartered banks and trust companies the same interstate agency authority that a national banking association is provided in Title I, Section 101, of the Reigle-Neal Interstate Banking and Branching Efficiency Act of 1994, Public Law 103-328. ­­-------- (L. 1992 S.B. 688 § 4, A.L. 1995 S.B. 215)
MO Rev Stat § 362.1010 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1010 - Citation of law.

Effective - 28 Aug 2017   362.1010. Citation of law. — Sections 362.1010 to 362.1115 shall be known and may be cited as the "Missouri Family Trust Company Act". ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1020 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1020 - Inapplicability of certain sections, when.

Effective - 28 Aug 2017   362.1020. Inapplicability of certain sections, when. — If a family trust company limits its activities to the activities authorized under sections 362.1010 to 362.1117, then section 361.160 and sections 362.010 to 362.950 shall not apply to the family trust company. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1035 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1035 - Capital account, minimum required — company's duty to maintain, requirements.

Effective - 28 Aug 2017   362.1035. Capital account, minimum required — company's duty to maintain, requirements. — 1. No family trust company shall be organized or operated with a capital account of less than two hundred fifty thousand dollars. The full amount of the initial capital account of a family trust company shall consist of one or more asset groups described under subsection 1 of section 362.1070, exclusive of all organization expenses.  2. A family trust company shall maintain:  (1) A physical office in this state where original or true copies, including electronic copies, of all material business records and accounts of the family trust company may be accessed and are readily available for examination by the secretary. A family trust company may also maintain one or more branch offices within or outside of this state;  (2) A registered agent who maintains an office in this state;  (3) All applicable state and local business licenses, charters, and permits; and  (4) A deposit account with a state-chartered or national financial institution that has a principal or branch office in this state.  3. In addition to the requirements of subsection 2 of this section, a foreign family trust company shall also:  (1) Be in good standing in the jurisdiction in which it is incorporated or organized; and  (2) Stay in compliance with the family trust company laws and regulations of such jurisdiction. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1037 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1037 - Management authority, exclusively vested.

Effective - 28 Aug 2020, 2 histories   362.1037. Management authority, exclusively vested. — Exclusive authority to manage a family trust company shall be vested in:  (1) If a corporation, a board of directors that consists of at least three directors; or  (2) If a limited liability company, a board of directors or managers that consists of at least three directors or managers. ­­At least one director or manager of the company shall be a resident of this state. ­­-------- (L. 2017 H.B. 292, A.L. 2020 S.B. 599)
MO Rev Stat § 362.1040 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1040 - Organizational instruments, requirements.

Effective - 28 Aug 2020, 2 histories   362.1040. Organizational instruments, requirements. — 1. One or more persons may subscribe to an organizational instrument in writing for the purpose of forming a family trust company, subject to the conditions prescribed by law.  2. The organizational instrument of a family trust company shall set forth all of the information required under chapter 347 or 351, as applicable, and the following:  (1) The name of the company, which shall distinguish the company from any other nonfamily trust company or family trust company formed or engaging in business in this state. If the word "trust" is included in the name, it shall be immediately preceded by the word "family" so as to distinguish the entity from a nonfamily trust company operating under this chapter. This subdivision shall not apply to a foreign family trust company using a fictitious name that is registered and maintained in this state pursuant to the requirements administered by the secretary and that distinguishes the foreign family trust company from a nonfamily trust company authorized to operate under this chapter;  (2) A statement that the purpose for which the company is formed is to engage in any and all activities permitted under sections 362.1010 to 362.1117; and  (3) A statement affirming that the family trust company shall not engage in trust company business with the general public.  3. The term "trust company" in the name adopted by a family trust company shall not be deemed to violate section 362.425. ­­-------- (L. 2017 H.B. 292, A.L. 2020 S.B. 599)
MO Rev Stat § 362.1045 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1045 - Fidelity bonds, errors and omissions insurance policies, other insurance policies, company may procure and maintain.

Effective - 28 Aug 2017   362.1045. Fidelity bonds, errors and omissions insurance policies, other insurance policies, company may procure and maintain. — 1. A family trust company may procure and maintain fidelity bonds on all active officers, directors, managers, and members acting in a managerial capacity and on all employees of the company in order to indemnify the family trust company against loss resulting from dishonest, fraudulent, or criminal acts or omissions committed by any such person, whether acting alone or in combination with other persons and regardless of whether such person receives a salary or other compensation from the company.  2. A family trust company may also procure and maintain an errors and omissions insurance policy in which the family trust company is listed as the insured to cover the acts and omissions of officers, directors, managers, and members acting in a managerial capacity, regardless of whether any such person receives a salary or other compensation from the company.  3. A family trust company may also procure and maintain other insurance policies necessary or desirable in connection with the business of the company including, but not limited to, one or more casualty insurance policies. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1050 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1050 - Fiduciary books and records, how maintained — assets not subject to debts or obligations of the company.

Effective - 28 Aug 2017   362.1050. Fiduciary books and records, how maintained — assets not subject to debts or obligations of the company. — 1. A family trust company shall maintain its fiduciary books and records separate and distinct from other records of the company and shall segregate all assets held in any fiduciary capacity from other assets of the company.  2. Assets received or held in a fiduciary capacity by a family trust company shall not be subject to the debts or obligations of the company. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1055 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1055 - Annual registration report, contents, filing fee.

Effective - 28 Aug 2017   362.1055. Annual registration report, contents, filing fee. — 1. A family trust company shall file an annual registration report with, and shall pay an annual filing fee of one thousand dollars to, the secretary.  2. The annual registration report filed by a family trust company that is not a foreign family trust company shall include:  (1) A statement by an authorized representative verifying that the family trust company is in compliance with the provisions of sections 362.1010 to 362.1117 and with applicable federal laws including, but not limited to, anti-money laundering and customer-identification rules or regulations;  (2) The name of the company's designated relative and the street address for its principal place of business; and  (3) Any other information reasonably and customarily required by the secretary of general business corporations in connection with filing their annual registration reports.  3. The annual registration report filed by a foreign family trust company shall include:  (1) A statement by an authorized representative verifying that the foreign family trust company is in compliance with the provisions of sections 362.1010 to 362.1117, with the family trust company laws and regulations of the jurisdiction in which it was incorporated or organized, and with applicable federal laws including, but not limited to, anti-money laundering and customer-identification rules or regulations;  (2) The current telephone number and street address of the foreign family trust company's principal place of business in the jurisdiction in which it was incorporated or organized;  (3) The current telephone number and street address of the foreign family trust company's principal place of operations;  (4) The current telephone number and address of the physical location of any other offices located in this state;  (5) The name and current street address in this state of the trust company's registered agent;  (6) Documentation, to the satisfaction of the secretary, showing that the foreign family trust company is in compliance with the family trust company laws and regulations of the jurisdiction in which it was incorporated or organized; and  (7) Any other information reasonably and customarily required by the secretary of general business corporations in connection with filing their annual registration reports.  4. An annual registration report shall be submitted on a form prescribed by the secretary and signed under penalty of perjury by an authorized representative. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1060 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1060 - Permissible acts — foreign companies, exercise of trust powers.

Effective - 28 Aug 2017   362.1060. Permissible acts — foreign companies, exercise of trust powers. — 1. A family trust company may, but only for family members:  (1) Act as a sole or copersonal representative, executor, or administrator for a probate estate within or outside this state;  (2) Act as an attorney-in-fact or agent under a power of attorney;  (3) Except as provided under section 362.1065, act within or outside this state as a sole fiduciary or cofiduciary, including acting as a trustee, advisory agent, assignee, assignee for the benefit of creditors, authenticating agent, bailee, bond or indenture trustee, conservator, conversion agent, custodian, escrow agent, fiscal or paying agent, financial advisor, guardian, investment advisor or manager, managing agent, purchase agent, receiver, registrar, safekeeping or subscription agent, transfer agent for entities other than public companies, warrant agent, or other similar capacity generally performed by a corporate trustee. In so acting, the family trust company may possess, purchase, sell, invest, reinvest, safekeep, or otherwise manage or administer the real or personal property of family members;  (4) Exercise the powers of a corporation or limited liability company incorporated or organized under the laws of this state, or qualified to transact business as a foreign corporation or limited liability company under the laws of this state that are reasonably necessary to enable the trust company to fully exercise a power conferred under sections 362.1010 to 362.1117 in accordance with commonly accepted customs and usages;  (5) Delegate duties and powers, including investment and management functions under section 469.909, in accordance with the powers granted to a trustee under chapter 456 or other applicable law and retain agents, attorneys, accountants, investment advisors, or other individuals or entities to advise or assist the family trust company in the exercise of its powers and duties under sections 362.1010 to 362.1117 and chapter 456. Such exercise of power may include, but is not limited to, retaining a bank trust department or a public trust company other than another family trust company; and  (6) Perform all acts necessary to exercise the powers enumerated in this section or authorized under sections 362.1010 to 362.1117 and other applicable laws of this state.  2. A foreign family trust company in good standing in the jurisdiction in which it is incorporated or organized may exercise all the trust powers in this state that a Missouri family trust company may exercise. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1065 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1065 - Commercial banking, engagement in prohibited.

Effective - 28 Aug 2017   362.1065. Commercial banking, engagement in prohibited. — Notwithstanding any other provision of sections 362.1010 to 362.1117, no family trust company shall engage in commercial banking. However, a family trust company may establish accounts at financial institutions for its own purposes or on behalf of family members to whom it provides services under sections 362.1010 to 362.1117. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1075 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1075 - Fiduciary capacity — oath, affirmation, affidavit, or acknowledgment.

Effective - 28 Aug 2017   362.1075. Fiduciary capacity — oath, affirmation, affidavit, or acknowledgment. — If a family trust company is required to make an oath, affirmation, affidavit, or acknowledgment regarding a fiduciary capacity in which the family trust company is acting or preparing to act, a director, officer, or if the company is a limited liability company, a manager or officer expressly authorized by the family trust company shall make and if required, subscribe to such oath, affirmation, affidavit, or acknowledgment on behalf of the company. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1080 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1080 - Advertising prohibited.

Effective - 28 Aug 2017   362.1080. Advertising prohibited. — No family trust company shall advertise its services to the public. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1085 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1085 - Examination and investigation of company, procedure.

Effective - 28 Aug 2017   362.1085. Examination and investigation of company, procedure. — 1. The secretary may designate an attorney-at-law or a certified public accountant to examine or investigate, or assist in the examination of, a family trust company.  2. The secretary or the secretary's designee may examine or investigate a family trust company at any time the secretary deems necessary to determine if the family trust company engaged in an act prohibited under section 362.1065 or 362.1080 and, if a family trust company engaged in such act, to determine whether any other applicable law was violated.  3. The secretary or the secretary's designee may examine the books and records of a foreign family trust company at any time the secretary deems necessary to determine if such foreign family trust company is in compliance with sections 362.1010 to 362.1117. In connection with an examination of the books and records of the trust company, the secretary or the secretary's designee may rely upon the most recent examination report, review, certification letters, or similar documentation issued by the agency supervising the foreign family trust company in the jurisdiction in which the foreign family trust company is incorporated or organized. The examination by the secretary or the secretary's designee of the books and records of a foreign family trust company shall be, to the extent practicable, limited to books and records of operations in this state.  4. For each examination or investigation of a family trust company under this section, the family trust company shall pay the costs of the examination or investigation. As used in this subsection, the term "costs" means the salary of and travel expenses incurred by any individual that are directly attributable to the examination or investigation of the family trust company. The mailing of payment for costs incurred shall be postmarked within thirty days after the receipt of a notice that states the costs are due. The secretary may levy a late payment of up to one hundred dollars per day for each day that a payment is overdue unless waived for good cause. However, if the late payment of costs is intentional, the secretary may levy an administrative fine of up to one thousand dollars per day for each day the payment is overdue.  5. The secretary may establish by rule the requirements and records necessary to demonstrate conformity with sections 362.1010 to 362.1117 by a family trust company. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1095 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1095 - Failure to submit annual registration report, fine — termination of registration, when — reinstatement, when.

Effective - 28 Aug 2017   362.1095. Failure to submit annual registration report, fine — termination of registration, when — reinstatement, when. — If a family trust company fails to submit within the prescribed period its annual registration report or any other report required by sections 362.1010 to 362.1117 or rule, the secretary may impose a fine of up to one hundred dollars for each day that the annual registration report or other report is overdue. Failure to provide the annual registration report within sixty days after the end of the calendar year shall automatically result in termination of the registration of a family trust company. A family trust company may have its registration automatically reinstated by submitting to the secretary, on or before August thirty-first of the calendar year in which the annual registration report is due, the company's annual registration report, a five hundred dollar late fee, and the amount of any fine imposed by the secretary under this section. A family trust company that fails to renew or reinstate its registration shall wind up its affairs on or before November thirtieth of the calendar year in which such failure occurs. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1110 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1110 - Principal place of business — retention of records — in camera inspection, when.

Effective - 28 Aug 2017   362.1110. Principal place of business — retention of records — in camera inspection, when. — 1. A family trust company shall keep at its principal place of business or principal place of operations:  (1) Full and complete records of the names and residences of all its shareholders or members;  (2) The number of shares or membership units held by each, as applicable; and  (3) The ownership percentage of each shareholder or member. ­­The records are subject to inspection by all shareholders or members of the family trust company and the secretary or the secretary's authorized representative during the normal business hours of the family trust company. A current list of shareholders or members shall be made available to the secretary or the secretary's authorized representative for their inspection and, upon the request of the secretary, shall be submitted to the secretary.  2. The secretary shall retain for at least ten years:  (1) Examination reports;  (2) Investigatory records;  (3) The organizational instrument of a family trust company; and  (4) The annual registration reports filed by a family trust company.  3. A copy of any document on file with the secretary that is certified by the secretary as a true copy may be introduced in evidence as if it were the original. The secretary shall establish a schedule of fees for preparing true copies of documents.  4. Orders issued by courts or administrative law judges for the production of confidential records or information shall provide for inspection in camera by the court or the administrative law judge. If the court or administrative law judge determines that the documents requested are relevant or would likely lead to the discovery of admissible evidence, the documents shall be subject to further orders by the court or the administrative law judge to protect the confidentiality thereof. An order directing the release of information shall be immediately reviewable, and a petition by the secretary for review of the order shall automatically stay any further proceedings in a trial court or administrative hearing until the disposition of the petition by the reviewing court. If any other party files a petition for review, such filing shall stay proceedings only upon an order of the reviewing court. ­­-------- (L. 2017 H.B. 292)