Mo. Rev. Stat. § 103.036
This is the official text of Mo. Rev. Stat. § 103.036, part of Missouri’s Rev. Stat — part of the compiled statutory law of Missouri, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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103.036 Benefit trust fund account to be established by board, purpose — powers of ...
Official statutory text
103.036. Benefit trust fund account to be established by board, purpose — powers of board to carry out duties. — The board shall set up and maintain a benefit trust fund account in which shall be placed all payroll deductions, payments, and income from all sources. All property, money, funds, investments, and rights which shall belong to or be available for expenditure or use by the plan shall be dedicated to and held in trust for the members and for the purposes herein set out and no other. The board shall have power, in the name and on behalf of the plan, to purchase, acquire, hold, invest, lend, lease, sell, assign, transfer, and dispose of all property, rights, and securities, and enter into written contracts as may be necessary and proper to carry out its duties.
(L. 1992 H.B. 1574 § 1 subsec. 16)
(L. 1992 H.B. 1574 § 1 subsec. 16)
Status: in_force · Read it on the official government site
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