This legal document pertains to family trust companies and their requirement to file an annual registration report. The report must include a statement verifying compliance with relevant provisions and federal laws, the name and address of the company’s designated relative and principal place of business, and any other information required by the secretary. Foreign family trust companies must also provide additional information such as their principal place of operations, registered agent’s address, and documentation showing compliance with laws and regulations of their jurisdiction.

This provision, found in the Revised Statutes of Missouri under the section for Banks and Trust Companies, grants the Federal Deposit Insurance Corporation (FDIC) the same rights as national banks in relation to the insurance of deposits. Specifically, when a bank or trust company in Missouri is closed, the FDIC is subrogated to the rights of the depositors and is entitled to receive dividends from the assets of the closed bank or trust company.

This legal document governs the imposition of fees and service charges on deposit accounts by banks and trust companies. The fees or service charges are subject to conditions or requirements set by regulations issued by the director of the division of finance and the state banking and savings and loan board. These conditions or requirements cannot be more restrictive than those permitted for federally chartered depository institutions. Additionally, contractual fees charged for overdrawing the balance of a deposit account are not considered interest.

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.

Any officer, director, agent, clerk or employee of any bank or trust company who willfully and knowingly makes or concurs in making any loan, either directly or indirectly, to any individual, partnership or corporation or by means of letters of credit, by acceptance of drafts or by discount or purchase of notes, bills of exchange or other obligation of any person, partnership or corporation, in excess of the amounts set out in section 362.

Any bank organized under the laws of this state may invest not to exceed five percent of its capital, surplus and undivided profits in shares of stock in any new bank or banks, existing bank or banks, or bank holding companies if the ownership of a majority of such stock in such bank or bank holding companies is restricted to banks authorized to do business in the state of Missouri. ——– (L.

Any director, officer or employee of a bank or trust company who makes any agreement, express or implied, before or at the time of issuing a certificate of deposit by which its holder may demand or receive payment thereof in advance of its maturity, or who before or at the time of receiving a savings deposit makes an agreement, express or implied, by which the holder of the savings passbook may demand or receive payment of the savings deposit in advance of the time provided for payment under the rules and regulations under which the savings deposit was received, shall forfeit and pay the sum of one hundred dollars for each violation of this provision, to be collected as provided for in this chapter.

1.No bank or trust company organized under the laws of this state shall settle any check drawn on it otherwise than at par.The provision of this section shall not apply with respect to settlement of a check sent to a bank or trust company as a special collection item. 2.Any officer or employee of any bank or trust company who violates the provisions of subsection 1 shall be guilty of a misdemeanor.

Missouri banks and depository trust companies shall maintain reserves against aggregate deposits as provided by the Federal Reserve Act and any amendments thereto or of regulations duly adopted and promulgated under the Federal Reserve Act for banks and trust companies of similar size and classification according to the requirements for the Federal Reserve District in which the bank or deposit trust company is located.Federal Reserve Banks located in this state are approved depositories for all banks and trust companies.

This provision, found in the Revised Statutes of Missouri under the section for Banks and Trust Companies, governs the issuance of fraudulent checks and drafts by banks or their agents. It prohibits banks and trust companies from issuing certificates of deposit, certifying checks or drafts, or issuing cashier’s or treasurer’s checks, except in exchange for lawful money of the United States or for checks, drafts, or bills of exchange that are the actual equivalent of such money.