Mo. Rev. Stat. § 87.275
This is the official text of Mo. Rev. Stat. § 87.275, 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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87.275 Amount kept on deposit.
Official statutory text
87.275. Amount kept on deposit. — For the purpose of meeting disbursements for benefits and other payments there may be kept available cash not exceeding ten percent of the total amount in the several funds of the retirement system on deposit in one or more banks or trust companies in the city, organized under the laws of the state of Missouri, or of the United States. The amount on deposit in any one bank or trust company shall not exceed twenty-five percent of the paid up capital and surplus of the bank or trust company.
(L. 1943 p. 708 § 7, A.L. 1959 S.B. 314 § 86.563)
(L. 1943 p. 708 § 7, A.L. 1959 S.B. 314 § 86.563)
Status: in_force · Read it on the official government site
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