Mo. Rev. Stat. § 110.040
This is the official text of Mo. Rev. Stat. § 110.040, 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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110.040 Depositary outside of territorial limits legal, when.
Official statutory text
110.040. Depositary outside of territorial limits legal, when. — In the event that there shall be no banking corporation, association, trust company or individual banker in the territory within which the depositary or depositaries of any public fund must, under the applicable laws of this state, be located to become eligible for selection, or in the event that the selected depositary or depositaries within such territory shall fail to accept such award or awards of such public funds as may be made, then the authority or authorities which are by law empowered to make such selection of depositaries and awards of public funds thereto are authorized and empowered to select as depositary or depositaries such banking institutions located outside the territorial limits aforesaid as such authority or authorities may deem the safest and most convenient depositary or depositaries for such public fund.
(RSMo 1939 § 8186)
(RSMo 1939 § 8186)
Status: in_force · Read it on the official government site
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