reglab/housing_qa huggingface dataset:
MO Rev Stat § 362.463 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.463 - Out-of-state bank may relocate to this state.

Effective - 13 Jun 1995   362.463. Out-of-state bank may relocate to this state. — An out-of-state bank may, with the approval of the director of the division of finance, relocate its main banking house up to thirty miles to a location in Missouri. The director shall grant a certificate of incorporation to any out-of-state bank which has relocated its main office to Missouri pursuant to the provisions of this section. ­­-------- (L. 1995 H.B. 63, et al. § 8)  Effective 6-13-95
MO Rev Stat § 362.465 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.465 - Deposits of minors.

Effective - 28 Aug 1967   362.465. Deposits of minors. — When any deposit is made by or in the name of any minor, it shall be held for the exclusive right and benefit of the minor, and free from the control or lien of all other persons, except creditors, and shall be paid, together with any interest thereon, to or upon the order of the person in whose name the deposit is made, and the check, receipt or acquittance of the minor shall be a valid and sufficient release and discharge for the deposit or any part thereof to the bank or trust company. ­­-------- (RSMo 1939 § 7996, A.L. 1967 p. 445)  Prior revisions: 1929 § 5400; 1919 § 11779
MO Rev Stat § 362.466 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.466 - Applicability of law — rights, powers, protections.

Effective - 28 Aug 1997   362.466. Applicability of law — rights, powers, protections. — Any bank or trust company holding deposit accounts pursuant to this chapter shall have the same rights, powers and protections provided a bank or trust company under subsection 6 of section 362.471 as it relates to any account; nor shall any law impose a duty to the contrary on such bank or trust company. ­­-------- (L. 1997 H.B. 257)
MO Rev Stat § 362.471 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.471 - Pay-on-death accounts — form — effect — payments from.

Effective - 28 Aug 1997   362.471. Pay-on-death accounts — form — effect — payments from. — 1. A bank or trust company may contract for an account, including a certificate of deposit, in the following form: "John Doe, pay on death to Henry Doe". Such account shall, during the lifetime of the person or persons first named in the account, be the property of and under the sole control of the person or persons first named; and the first named person or persons shall be entitled to cancel, change, give away, or otherwise deal with the account as if no other person was named in the account.  2. At the death of all of the first named persons, the account shall become the property of the person or persons named as the "pay-on-death" person or persons. The bank or trust company is authorized to require proof of death and surrender of the evidence of account prior to withdrawal after the death of all of the first named persons.  3. If there is more than one first named person who is a holder of the account, the first named persons shall be joint tenants with right of survivorship. If there is more than one pay-on-death person, the account shall be paid in equal shares to pay-on-death persons living at the time all first named persons have died. The joint tenancy referred to in this section shall be governed by section 362.470.  4. The bank or trust company may make such contractual terms as the parties may agree to with respect to an account contracted for under this section.  5. The form of account authorized by this section shall be valid and shall supersede and override the requirements of chapter 474 as to disposition of the property of decedents and the requirements as to testamentary dispositions by will.  6. Any payment made by a bank or trust company on an account as described in this section shall be entitled to full credit upon such payment without necessity of determining whether any other person shall have an interest in the account, unless the bank or trust company shall have been served with process by a court of competent jurisdiction restricting payment on the account in accordance with the terms of such process. ­­-------- (L. 1984 H.B. 1033, A.L. 1997 H.B. 257)
MO Rev Stat § 362.475 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.475 - Deposits of deceased trustee shall be paid to beneficiary.

Effective - 28 Aug 1967   362.475. Deposits of deceased trustee shall be paid to beneficiary. — When any deposit is made by any person describing himself in making the deposit as trustee for another, and no other or further notice of the existence and terms of a legal and valid trust than this description shall have been given in writing to the bank or trust company, in the event of the death of the person so described as trustee, the deposit or any part thereof, together with the dividends or interest thereon, may be paid to the person for whom the deposit was thus stated to have been made. ­­-------- (RSMo 1939 § 7996, A.L. 1967 p. 445)  Prior revisions: 1929 § 5400; 1919 § 11779  (1959) Where bank deposit slip and signature card stated that account was "payable on death" to daughter of depositor, and son of deceased depositor testified that depositor stated to bank officer that she wanted either depositor or her daughter to be able to withdraw funds from account and after her death daughter was to be absolute owner, a valid and enforceable trust in favor of the daughter existed on death of depositor. Butler State Bank v. Duncan (A.), 319 S.W.2d 913.
MO Rev Stat § 362.480 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.480 - Deposits of trustee, how paid out.

Effective - 28 Aug 1939   362.480. Deposits of trustee, how paid out. — Whenever any deposit shall be made in any bank, banking institution or trust company by any person as trustee, or by any person in trust for another, and no other or further notice of the existence and terms of such trust shall have been given in writing to the bank, banking institution or trust company, the same may be paid upon the check or order of said trustee, bearing his signature and containing the same words in which said deposit was made. ­­-------- (RSMo 1939 § 3536)  Prior revisions: 1929 § 3146; 1919 § 13428; 1909 § 11929  CROSS REFERENCE:  Rules as to dealing with fiduciary depositors, 469.290 to 469.320
MO Rev Stat § 362.483 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.483 - Safe deposit corporation may be granted a certificate of incorporation by director, when — purposes of corporation.

Effective - 28 Aug 1977   362.483. Safe deposit corporation may be granted a certificate of incorporation by director, when — purposes of corporation. — 1. The director of finance may grant a certificate of incorporation for a safe deposit corporation, all of the stock of which will be held by a bank or trust company, in the manner provided for the incorporation of banks and trust companies in sections 362.020 to 362.035.  2. Any such safe deposit corporation shall be incorporated only for the purpose of taking and receiving as bailee for safekeeping and storage only, jewelry, plate, money, specie, bullion, stocks, bonds, securities and valuable papers of any kind, and other valuables, upon such terms and for such compensation as may be agreed upon; and letting out vaults, safes and other receptacles for the uses, purposes and benefits of such corporation. ­­-------- (L. 1977 S.B. 420)
MO Rev Stat § 362.487 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.487 - Joint renters of safe deposit boxes authorized — surviving joint renter opens box, lessor's option not required to be present.

Effective - 28 Aug 1994   362.487. Joint renters of safe deposit boxes authorized — surviving joint renter opens box, lessor's option not required to be present. — 1. Any bank or trust company doing a safe deposit business and any safe deposit company owned by a bank or trust company may enter into a lease under which a safe deposit box is rented in the names of two or more persons, whether residents or nonresidents of this state, as joint renters. If the lease provides that one or more of such persons, or the survivor thereof, has access and entry to the box and the right to remove the contents whether the other renter or renters are living, mentally incapacitated or dead, the bank, trust company, or safe deposit company so renting the box, or upon the premises of which the box is located, shall not be liable for the removal of any of the contents of the box by the survivors thereof. No presumption of ownership of the contents of any such box shall be deemed to be created by the rental contract.  2. Notwithstanding any other provision of law to the contrary, there is no presumption that the lessor has custody of a will when the will is held in a jointly rented safe deposit box. At the lessor's option, the lessor's officers and employees are not required to be present when the jointly rented safe deposit box is accessed by the surviving joint renter. ­­-------- (L. 1975 S.B. 141 § 1, A.L. 1977 S.B. 420, A.L. 1981 S.B. 28, A.L. 1983 S.B. 44 & 45, A.L. 1994 H.B. 1312)
MO Rev Stat § 362.488 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.488 - Death of lessee, duties of lessor — additional duties by contract.

Effective - 28 Aug 1984   362.488. Death of lessee, duties of lessor — additional duties by contract. — 1. In the event the sole lessee or all lessees as joint renters named in the lease agreement covering a safe deposit box rental shall die, the lessor by contract may accept the following additional duties: The safe deposit box may be opened at any time thereafter, in the presence of persons claiming to be interested in the contents thereof, by two employees of the lessor, one of whom shall be an officer of the lessor; and such employees may remove all instruments of a testamentary nature and deposit the same with the probate division of the circuit court, taking its receipt therefor, and such employees in their discretion may deliver life insurance policies therein contained to the beneficiaries named in such policies, and any deed to a cemetery lot and any burial instructions found therein to the appropriate parties; and such lease shall state that the lessor retains the right to open the safe deposit box on the death of any lessee, including joint renters. When a safe deposit box is opened as authorized in this subsection, the contents not specifically authorized for removal shall remain in the box leased to joint renters. The remaining contents of all other safe deposit boxes so opened shall be kept and retained by the bank, trust company, or safe deposit company and shall be delivered only to the parties legally entitled to the same. In the event no person claims to be interested in the contents of a box within sixty days after the death of the lessee, the lessor may open the box by forcible entry and remove the contents and dispose of the same in accordance with the procedures specified in section 362.485.  2. Upon the death of any lessee of a safe deposit box and upon request of the probate division of the circuit court, the lessor shall reply to such request and inform such official if the designated person was the lessee of a safe deposit box at the time of death. ­­-------- (L. 1981 S.B. 28, A.L. 1984 H.B. 1088)
MO Rev Stat § 362.490 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.490 - Banks exempt from furnishing security for insured deposits.

Effective - 28 Aug 1939   362.490. Banks exempt from furnishing security for insured deposits. — Notwithstanding any provision of law of this state or of any political subdivision thereof requiring security for deposits in the form of collateral, surety bond or in any other form, security for such deposits shall not be required to the extent said deposits are insured under the provisions of an act of congress creating and establishing the Federal Deposit Insurance Corporation or similar agency created and established by the Congress of the United States. ­­-------- (RSMo 1939 § 8000)
MO Rev Stat § 362.495 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.495 - When payment and withdrawals may be suspended.

Effective - 28 Aug 2001   362.495. When payment and withdrawals may be suspended. — Whenever unusual withdrawals from any bank or trust company doing a banking business in this state, organized under the laws of this state are being made, or whenever in the judgment of the president and cashier or president and secretary of such bank or trust company and/or the board of directors thereof, unusual withdrawals are about to be made, such officers and/or directors are hereby authorized to suspend payment of checks of depositors and any and all other withdrawals of assets of such bank or trust company for a period of six banking days. The board of directors may designate a chief executive officer who is not the president, but who shall perform all the duties of the president required by this section. ­­-------- (RSMo 1939 § 8003, A.L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 362.500 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.500 - Shall notify finance director of suspension — duties of commissioner.

Effective - 28 Aug 1939   362.500. Shall notify finance director of suspension — duties of commissioner. — 1. Upon the suspension of the payment of checks and withdrawal of assets as authorized by section 362.495, it shall be the duty of the president, cashier, or the chairman of the board of directors of the bank, or trust company doing a banking business, so suspending payment to notify the state finance director immediately.  2. Upon the receipt of the notice required by law, it shall be the duty of the state finance director to take charge of said bank, or trust company doing a banking business, and to supervise the receipt of the deposits and payment of checks and withdrawals of assets during a period of sixty days next following the taking charge thereof, and such state finance director shall have power and is hereby authorized, during said period of sixty days, to limit, upon a basis of equality, prorate or prohibit entirely, all withdrawals of deposits or assets from said bank or trust company; provided, however, that no preferences shall be given any depositor or creditor of said bank or trust company. ­­-------- (RSMo 1939 § 8004)
MO Rev Stat § 362.505 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.505 - Audit of bank by director — approval of reopening plans.

Effective - 28 Aug 1939   362.505. Audit of bank by director — approval of reopening plans. — During said sixty-day period next following the taking charge of any such bank or trust company, by the state finance director, a careful audit and inventory of the assets and liabilities of said bank or trust company shall also be made by said state finance director to determine if said bank or trust company shall be permitted to continue in business, and when said state finance director shall approve a contract or plan whereby such bank or trust company is permitted to receive deposits, pay checks and continue to do a banking business, or reorganize, entered into between the depositors of such institution, owning or controlling eighty-five percent or more of the deposits therein, which are not preferred claims, special deposits or deposits secured by bonds or collateral, on the one hand, and the bank or trust company or its board of directors on the other, then and in that event all other depositors and creditors shall be held to be bound by such contract or plan to the same extent and with the same effect as if they had joined in the execution thereof, and their claims shall be treated in all respects as if they had joined in the execution of said contract or plan, in event said bank is permitted to reopen for business as limited by said contract or plan; provided, nevertheless, all depositors and creditors of the same class shall be treated alike. ­­-------- (RSMo 1939 § 8005)
MO Rev Stat § 362.510 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.510 - When director shall liquidate.

Effective - 28 Aug 1939   362.510. When director shall liquidate. — If the state finance director shall, during the period of sixty days next following the taking possession of any such bank or trust company under the provisions of law, find that such bank or trust company should not be permitted to continue in business, or cannot be reorganized on a sound basis, he shall proceed as provided by law to effect the liquidation thereof. ­­-------- (RSMo 1939 § 8006)
MO Rev Stat § 362.515 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.515 - Special deposits — nature — use.

Effective - 28 Aug 1939   362.515. Special deposits — nature — use. — During the period of sixty days next following the taking charge of any such bank or trust company as authorized by law, deposits may be received from the customers of said bank, or trust company and others as special deposits, or trust funds, and paid out on the check of such depositors drawn against their respective balances; but no part of the funds deposited during said period of sixty days shall be an asset of any such bank, or trust company doing a banking business, within the meaning of the banking laws of this state; nor shall any part of such funds so deposited be loaned by any such bank or trust company except upon United States government bonds, or other securities of the government of the United States, or upon the bonds of the state of Missouri, as collateral, allowing a safe margin to meet fluctuations in the market price of such bonds and securities. ­­-------- (RSMo 1939 § 8007)
MO Rev Stat § 362.530 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.530 - Contributions to charitable agencies.

Effective - 28 Aug 1951   362.530. Contributions to charitable agencies. — Anything in any other law of this state to the contrary notwithstanding, every bank and every trust company organized under the laws of this state shall have power to, and may contribute to community funds, or to civic, charitable, philanthropic, or benevolent instrumentalities conducive to public welfare, such sums as the board of directors of the particular bank or trust company may deem expedient and in the interest of the bank or trust company. ­­-------- (L. 1951 p. 286 § 1)
MO Rev Stat § 362.560 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.560 - Trust guaranty fund.

Effective - 28 Aug 1967   362.560. Trust guaranty fund. — The directors of any state or national bank or trust company qualified to act as fiduciary in this state may from time to time set apart, as a trust guaranty fund, such portion of the profits as they may consider expedient. The fund shall be invested in such securities only as are legal for the investment of trust funds. The accounts of this fund shall be kept in the trust department. ­­-------- (L. 1967 p. 445)  (Source: RSMo 1959 § 363.210)
MO Rev Stat § 362.570 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.570 - Application of trust guaranty fund.

Effective - 28 Aug 2021, 2 histories   362.570. Application of trust guaranty fund. — 1. The trust guaranty fund shall be absolutely pledged for the faithful performance by the bank or trust company of its duties and undertakings under the provisions of subsection 3 of section 362.105 and shall be applied to make good any default in the performance. The pledge and liability shall not in any way relieve the stock and general funds of the bank or trust company, but creditors under the subdivisions shall have an equal claim with other creditors upon the capital and other property of the bank or trust company in addition to the security hereby given, and in addition to the deposit made with the finance director under the provisions of section 362.590.  2. No portion of the trust guaranty fund shall be transferred to the general capital while the bank or trust company has undertakings of the kinds mentioned in subsection 3 of section 362.105, for whose performance bonds are required from individuals, outstanding and uncompleted, but income therefrom, if not required at any dividend time to make good such undertakings, may be added to and disposed of with the general income of the bank or trust company. ­­-------- (L. 1967 p. 445, A.L. 2021 S.B. 106)  (Source: RSMo 1959 § 363.220)
MO Rev Stat § 362.575 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.575 - Personal representatives and other persons not liable as stockholders.

Effective - 28 Aug 1983   362.575. Personal representatives and other persons not liable as stockholders. — No person holding stock in the corporation as personal representative, conservator, or trustee, and no person holding this stock as collateral security shall be personally subject to any liability as stockholder in the corporation; but the person pledging the stock shall be considered as holding the same, and shall be liable as stockholder accordingly. And the estate and funds in the hands of the personal representatives, conservators, or trustees shall be liable in like manner and to the same extent as the testator or intestate, or the protectee or person interested in the trust fund would have been if he had been living and competent to act and hold in his own name. ­­-------- (L. 1967 p. 445, A.L. 1983 S.B. 44 & 45)  (Source: RSMo 1959 § 363.240)
MO Rev Stat § 362.580 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.580 - Common trust fund authorized.

Effective - 28 Aug 1977   362.580. Common trust fund authorized. — 1. Any state or national bank or trust company qualified to act as fiduciary in this state may establish common trust funds for the purpose of furnishing investments to itself as fiduciary, or to itself and others as cofiduciaries, or to other banks and trust companies acting as fiduciaries or cofiduciaries. Funds may be invested in such common trust fund only if the investment is not prohibited by the instrument, judgment, decree, or order creating the fiduciary relationships, and if, in the case of cofiduciaries, the banks or trust companies procure the consent of their cofiduciaries to the investment.  2. This section shall apply to fiduciary relationships now in existence or hereafter established. ­­-------- (L. 1967 p. 445, A.L. 1977 S.B. 250)  (Source: RSMo 1959 § 363.225)  (1967) Only a bank acting as fiduciary or cofiduciary is eligible to invest trust funds in a common trust fund maintained by the bank, and these funds cannot be transferred or assigned to another person. Leith v. Mercantile Trust Company National Association (A.), 423 S.W.2d 75.