reglab/housing_qa huggingface dataset:
MO Rev Stat § 469.461 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.461 - Adjustments between principal and income, when — estate tax marital deduction or charitable contributions, how handled.

Effective - 28 Aug 2001   469.461. Adjustments between principal and income, when — estate tax marital deduction or charitable contributions, how handled. — 1. A fiduciary may make adjustments between principal and income to offset the shifting of economic interests or tax benefits between income beneficiaries and remainder beneficiaries which arise from:  (1) Elections and decisions, other than those described in subsection 2 of this section, that the fiduciary makes from time to time regarding tax matters;  (2) An income tax or any other tax that is imposed upon the fiduciary or a beneficiary as a result of a transaction involving or a distribution from the estate or trust; or  (3) The ownership by an estate or trust of an interest in an entity whose taxable income, whether or not distributed, is includable in the taxable income of the estate, trust or a beneficiary.  2. If the amount of an estate tax marital deduction or charitable contribution deduction is reduced because a fiduciary deducts an amount paid from principal for income tax purposes instead of deducting it for estate tax purposes, and as a result estate taxes paid from principal are increased and income taxes paid by an estate, trust or beneficiary are decreased, each estate, trust or beneficiary that benefits from the decrease in income tax shall reimburse the principal from which the increase in estate tax is paid. The total reimbursement shall equal the increase in the estate tax to the extent that the principal used to pay the increase would have qualified for a marital deduction or charitable contribution deduction but for the payment. The proportionate share of the reimbursement for each estate, trust or beneficiary whose income taxes are reduced shall be the same as its proportionate share of the total decrease in income tax. An estate or trust shall reimburse principal from income. ­­-------- (L. 2001 H.B. 241)
MO Rev Stat § 469.463 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.463 - Uniformity considered in application and construction.

Effective - 28 Aug 2001   469.463. Uniformity considered in application and construction. — In applying and construing sections 469.401 to 469.467, consideration shall be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. ­­-------- (L. 2001 H.B. 241)
MO Rev Stat § 469.465 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.465 - Severability clause.

Effective - 28 Aug 2001   469.465. Severability clause. — If any provision of sections 469.401 to 469.467 or the application of these sections to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of sections 469.401 to 469.467 which can be given effect without the invalid provision or application. ­­-------- (L. 2001 H.B. 241)
MO Rev Stat § 469.467 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.467 - Applicability of sections.

Effective - 28 Aug 2016, 2 histories   469.467. Applicability of sections. — Sections 469.401 to 469.467 apply to every trust or decedent's estate existing on or after August 28, 2001, except as otherwise expressly provided in the will or terms of the trust or in sections 469.401 to 469.467. ­­-------- (L. 2001 H.B. 241, A.L. 2016 H.B. 1765)
MO Rev Stat § 469.600 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.600 - Doctrine of worthier title and Rule in Bingham's case abolished, effect of language describing beneficiaries.

Effective - 28 Aug 2006   469.600. Doctrine of worthier title and Rule in Bingham's case abolished, effect of language describing beneficiaries. — The doctrine of worthier title and the Rule in Bingham's case is abolished as a rule of law and as a rule of construction. Language in a governing instrument describing the beneficiaries of a disposition as the transferor's "heirs", "heirs at law", "next of kin", "distributees", "relatives", or "family", or language of similar import does not create or presumptively create a reversionary interest in the transferor. ­­-------- (L. 2006 S.B. 892)
MO Rev Stat § 469.900 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.900 - Citation of law — definitions.

Effective - 28 Aug 2004   469.900. Citation of law — definitions. — Sections 469.900 to 469.913 shall be known, and may be cited, as the "Missouri Prudent Investor Act". As used in this act, the term "trustee" includes independent personal representatives and trustees, whether of express or implied trusts, and the term "trust" includes independently administered estates. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.900
MO Rev Stat § 469.901 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.901 - Trustee duties, settlor may restrict or expand.

Effective - 28 Aug 2004   469.901. Trustee duties, settlor may restrict or expand. — 1. Except as otherwise provided in subsection 2 of this section, or by other applicable laws, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this act*.  2. A settlor may expand or restrict the prudent investor rule detailed in this act* by express provisions in the trust instrument. A trustee is not liable to a beneficiary for the trustee's good faith reliance on these express provisions. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.901  *"This act" (H.B. 1432, 1996) contained numerous sections. Consult Disposition of Sections table for a definitive listing.
MO Rev Stat § 469.902 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.902 - Trustee duties and powers — decisions to be evaluated in context of trust.

Effective - 28 Aug 2004   469.902. Trustee duties and powers — decisions to be evaluated in context of trust. — 1. A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.  2. A trustee's investment and management decisions respecting individual assets and courses of action must be evaluated not in isolation but in the context of the trust portfolio as a whole and as a part of an overall investment strategy having risk and return objectives reasonably suited to the trust.  3. When investing and managing trust assets, a trustee shall consider the following as are relevant to the trust or its beneficiaries:  (1) General economic conditions;  (2) The possible effect of inflation or deflation;  (3) The expected tax consequences of investment decisions or strategies;  (4) The role that each investment or course of action plays within the overall trust portfolio;  (5) The expected total return from income and the appreciation of capital;  (6) Other resources of the beneficiaries known to the trustee;  (7) Needs for liquidity, regularity of income, and preservation or appreciation of capital;  (8) An asset's special relationship or special value, if any, to the purposes of the trust or to one or more of the beneficiaries; and  (9) The size of the portfolio, nature and estimated duration of the fiduciary relationship and distribution requirements under the governing instrument.  4. A trustee shall make a reasonable effort to ascertain facts relevant to the investment and management of trust assets.  5. A trustee may invest in any kind of property or type of investment consistent with the standards of this act*.  6. A trustee who has special skills or expertise, or is named trustee in reliance upon the trustee's representation that the trustee has special skills or expertise, has a duty to use those special skills or expertise when investing and managing trust assets. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.902  *"This act" (H.B. 1432, 1996) contained numerous sections. Consult Disposition of Sections table for a definitive listing.
MO Rev Stat § 469.903 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.903 - Diversification required, exception.

Effective - 28 Aug 2004   469.903. Diversification required, exception. — A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.903
MO Rev Stat § 469.904 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.904 - Trust assets, retention and disposition.

Effective - 28 Aug 2004   469.904. Trust assets, retention and disposition. — Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this act*. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.904  *"This act" (H.B. 1432, 1996) contained numerous sections. Consult Disposition of Sections table for a definitive listing.
MO Rev Stat § 469.905 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.905 - To whom duty owed.

Effective - 28 Aug 2004   469.905. To whom duty owed. — A trustee shall invest and manage the trust assets solely in the interest of the beneficiaries. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.905
MO Rev Stat § 469.906 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.906 - Multiple beneficiaries, duty owed to whom.

Effective - 28 Aug 2004   469.906. Multiple beneficiaries, duty owed to whom. — If a trust has two or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.906
MO Rev Stat § 469.907 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.907 - Restriction on costs.

Effective - 28 Aug 2004   469.907. Restriction on costs. — In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.907
MO Rev Stat § 469.908 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.908 - Prudent investor rule, standard.

Effective - 28 Aug 2004   469.908. Prudent investor rule, standard. — The prudent investor rule imposes a standard of conduct, but does not contemplate a specific outcome or performance. Compliance with the prudent investor rule is determined in light of the facts and circumstances existing at the time of a trustee's decision or action and not by hindsight. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.908
MO Rev Stat § 469.909 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.909 - Trustee powers, delegation — agent duties — liability of agent — agent submits to jurisdiction, when.

Effective - 28 Aug 2004   469.909. Trustee powers, delegation — agent duties — liability of agent — agent submits to jurisdiction, when. — 1. A trustee may delegate investment and management functions that a prudent trustee of comparable skills could properly delegate under the circumstances. The trustee shall exercise reasonable care, skill, and caution in:  (1) Selecting an agent suitable to the exercise of the delegated function, taking into account the nature and the value of the assets subject to such delegation and the expertise of the agent;  (2) Establishing the scope and terms of the delegation, consistent with the purposes and terms of the trust; and  (3) Periodically reviewing the agent's actions in order to monitor the agent's performance and compliance with the terms of the delegation.  2. In performing a delegated function, an agent owes a duty to the trust to exercise reasonable care to comply with the terms of the delegation.  3. A trustee who complies with the requirements of subsection 1 of this section is not liable to the beneficiaries or to the trust for the decisions or actions of the agent to whom the function was delegated.  4. By accepting the delegation of a trust function from the trustee of a trust that is subject to the law of this state, an agent submits to the jurisdiction of the courts of this state even if the delegation agreement provides otherwise. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.909
MO Rev Stat § 469.910 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.910 - Trust terms and phrases, definition.

Effective - 28 Aug 2004   469.910. Trust terms and phrases, definition. — The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorize any investment or strategy permitted under this act*: "investments permissible by law for investment of trust funds", "legal investments", "authorized investments", "using the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital", "prudent man rule", "prudent trustee rule", "prudent person rule", and "prudent investor rule". ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.910  *"This act" (H.B. 1432, 1996) contained numerous sections. Consult Disposition of Sections table for a definitive listing.
MO Rev Stat § 469.911 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.911 - Applicability of certain sections.

Effective - 28 Aug 2004   469.911. Applicability of certain sections. — Except as otherwise specifically provided in the terms of the trust or in sections 456.035 to 456.041 and sections 469.900 to 469.913, the provisions of sections 456.035 to 456.041 and sections 469.900 to 469.913 shall apply to any trust established before or after August 28, 2004, and to any trust asset acquired by the trustee before or after August 28, 2004. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.911
MO Rev Stat § 469.912 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.912 - Interpretation of certain sections.

Effective - 28 Aug 2004   469.912. Interpretation of certain sections. — This act* shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this act** among the states enacting it. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.912  *"This act" (H.B. 1432, 1996) contained numerous sections. Consult Disposition of Sections table for a definitive listing.
MO Rev Stat § 469.913 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 469 - Disclaimers of Property|Section 469.913 - Specific statutory standards to control.

Effective - 28 Aug 2004   469.913. Specific statutory standards to control. — The general assembly recognizes that persons, corporations, entities or state agencies who have responsibility for investing funds may be subject to a standard that is specifically set forth in other statutes. Under such circumstances, such persons, corporations, entities or state agencies shall comply with the standard of investment set forth in the other statute, and this act* shall not modify or repeal that standard. ­­-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)  Transferred 2004; formerly 456.913  *"This act" (H.B. 1432, 1996) contained numerous sections. Consult Disposition of Sections table for a definitive listing.
MO Rev Stat § 470.010 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 470 - Escheats|Section 470.010 - Estates escheat, when.

Effective - 19 Jun 2002   470.010. Estates escheat, when. — If any person die intestate, seized of any real or personal property, leaving no heirs or representatives currently capable of inheriting the same; or, if upon final settlement of an executor or administrator, there is a balance in his or her hands belonging to some legatee or distributee who is a nonresident or who is not in a situation to receive the same and give a discharge thereof or who does not appear by himself or herself or agent to claim and receive the same; or, if upon final settlement of an assignee for the benefit of creditors, there shall remain in his or her possession any unclaimed dividends; or, if upon final report of any sheriff to the court, it is shown that the interests in the proceeds of the sale of land in partition of certain parties, who are absent from the state, who are nonresidents, who are not known or named in the proceedings, or who, from any cause, are not in a situation to receive the same, are in his or her hands unpaid and unclaimed; or, if, upon final settlement of the receiver of any company or corporation which has been doing business in this state, there is money in his or her hands unpaid and unclaimed, in each and every such instance such real and personal estate shall transfer to the state, subject to and in accordance with the provisions of sections 470.010 to 470.220 and sections 447.500 to 447.595. ­­-------- (RSMo 1939 § 620, A.L. 2002 S.B. 1248)  Prior revisions: 1929 § 620; 1919 § 5309; 1909 § 6256  Effective 6-19-02  (1951) Where, after closing of banks, plans were adopted resulting in transfer of part of assets and equal percent of liabilities to another bank and remainder to liquidating trustees, transfer to trustees was assignment for benefit of creditors under this section, so that unclaimed liquidating dividends in hands of trustees escheat. Jones v. Fidelity Nat. Bank & Trust Co., 362 Mo. 712, 243 S.W.2d 970. (1965) Words "leaving no heirs or representatives" mean "no known heirs", but state has burden of proof to show no known heirs. State ex rel. Henry v. Malhman (Mo.), 386 S.W.2d 1.
MO Rev Stat § 470.020 (2021)
2021 Missouri Revised Statutes|Title XXXI - Trusts and Estates of Decedents and Persons Under Disability|Chapter 470 - Escheats|Section 470.020 - Disposition of unclaimed moneys — deemed unclaimed property, when — transfer to abandoned fund account — transfer to public schools.

Effective - 19 Jun 2002   470.020. Disposition of unclaimed moneys — deemed unclaimed property, when — transfer to abandoned fund account — transfer to public schools. — 1. Within one year after the final settlement of any executor or administrator, assignee, sheriff or receiver, all moneys in his or her hands unpaid or unclaimed, as provided in section 470.010, shall, upon the order of the court in which the settlement is made, be paid to the state treasurer.  2. Beginning January 1, 2003, all real and personal estate that transfers or has transferred to the state pursuant to section 470.010 shall be deemed unclaimed property under the uniform disposition of unclaimed property act as set forth in chapter 447 and shall be treated in the same manner as all other unclaimed property under such act.  3. All moneys in the escheats fund on or after December 31, 2002, shall be transferred to the abandoned fund account created in section 447.543, and the escheats fund shall be abolished. Any accounting information maintained by the commissioner of administration for moneys paid into the state treasury and all moneys from the sale of lands vested in the state shall be transferred to the unclaimed property division of the office of state treasurer.  4. The state treasurer shall remain custodian of any bonds purchased by the state board of fund commissioners prior to January 1, 2003, and shall deposit all interest received from such bonds into the abandoned fund account. The state treasurer, in consultation with the state board of fund commissioners, shall determine the use and disposition of proceeds from all such bonds purchased by the state board.  5. Beginning in fiscal year 2003 and for each subsequent fiscal year, the state treasurer shall transfer from the abandoned fund account to the public schools fund an amount equal to five percent of the annual amount transferred to the general revenue fund from the abandoned fund account net any transfers from the general revenue to the abandoned fund account. ­­-------- (RSMo 1939 § 621, A.L. 1957 p. 866, A.L. 2002 S.B. 1248)  Prior revisions: 1929 § 621; 1919 § 5310; 1909 § 6257  Effective 6-19-02  CROSS REFERENCE:  Escheats fund to be used for support of public schools, 166.011