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Can you summarize MORS 362.1115?
Banks and Trust Companies > Information exempt from sunshine law disclosure, when violation, penalty.
Short Summary
This legal document pertains to the exemption of certain information from disclosure under the sunshine law. The information exempt from disclosure includes personal identifying information in records relating to the registration, annual certification, and examination of family trust companies, as well as reports of examinations, operations, or conditions of family trust companies. Additionally, a portion of the list of names of shareholders or members of a family trust company is also exempt. Information received from other states, nations, or the federal government that is confidential or exempt under their respective laws, as well as an emergency cease and desist order until made permanent, are also exempt. The secretary may disclose the exempt information to authorized representatives of the family trust company, fidelity insurance companies, independent auditors, liquidators, receivers, conservators, state, federal, and foreign agencies responsible for the regulation or supervision of family trust companies, law enforcement agencies, prosecutorial agencies, and legislative bodies or committees. However, the secretary must redact any portion of the information that discloses the identity of a bondholder, customer, family member, member, or stockholder before releasing it. Willful disclosure of confidential and exempt information is a class E felony.
Whom does it apply to?
The secretary, family trust companies, authorized representatives, fidelity insurance companies, independent auditors, liquidators, receivers, conservators, state, federal, and foreign agencies responsible for the regulation or supervision of family trust companies, law enforcement agencies, prosecutorial agencies, legislative bodies or committees
What does it govern?
Exemption of certain information from disclosure under the sunshine law
What are exemptions?
Personal identifying information in records relating to registration, annual certification, and examination of family trust companies, reports of examinations, operations, or conditions of family trust companies, portion of a list of names of shareholders or members of a family trust company, information received from other states, nations, or the federal government that is confidential or exempt under their respective laws, emergency cease and desist order until made permanent
What are the Penalties?
Willful disclosure of confidential and exempt information is a class E felony
Jurisdiction
Missouri