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Can you summarize MORS 362.480?
Banks and Trust Companies > Deposits of trustee, how paid out.
Short Summary
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
Jurisdiction
Missouri