This provision, found in the Revised Statutes of Missouri under the section governing Banks and Trust Companies, prohibits certain individuals from receiving deposits or creating debts for a bank or trust company after they have knowledge of its insolvency or failing circumstances. The provision applies to presidents, directors, managers, cashiers, secretaries, officers, and agents of banks and trust companies organized and doing business under the provisions of this chapter. Violators of this provision will be individually responsible for the deposits received and debts contracted.

This legal document pertains to banks and trust companies doing business in Missouri. It states that an adverse claim to a deposit standing on the books of a bank or trust company will not be recognized unless the adverse claimant either obtains a restraining order or injunction against the bank or trust company from a court of competent jurisdiction, or provides a bond indemnifying the bank or trust company from any liability, loss, damage, cost, and expenses related to the adverse claim or the dishonor of the check or other order.

This legal document prohibits the disclosure of nonpublic personal information by financial institutions to nonaffiliated third parties, in accordance with Title V of the Gramm-Leach-Bliley Financial Modernization Act of 1999 (15 U.S.C. 6801 to 6809). State agencies with regulatory authority over financial institutions subject to this Act may adopt rules and regulations to enforce this prohibition. Financial institutions are required to provide an initial notice regarding their privacy policy to new customers at the time the customer relationship is established, and to existing customers before June 30, 2002.

When any deposit is made by or in the name of any minor, it shall be held for the exclusive right and benefit of the minor, and free from the control or lien of all other persons, except creditors, and shall be paid, together with any interest thereon, to or upon the order of the person in whose name the deposit is made, and the check, receipt or acquittance of the minor shall be a valid and sufficient release and discharge for the deposit or any part thereof to the bank or trust company.

Any bank or trust company holding deposit accounts pursuant to this chapter shall have the same rights, powers and protections provided a bank or trust company under subsection 6 of section 362.471 as it relates to any account; nor shall any law impose a duty to the contrary on such bank or trust company. ——– (L. 1997 H.B. 257)

This legal document governs the rules and regulations regarding joint deposits in banks and trust companies in Missouri. It states that when a deposit is made by any person in the name of the depositor and one or more other persons, the deposit becomes the property of these persons as joint tenants. The document outlines the rights and responsibilities of joint tenants, including the ability to make withdrawals, payments, and pledges.

According to the Revised Statutes of Missouri, when a deposit is made by a person who identifies themselves as a trustee for another person, and no other written notice of the existence and terms of the trust is provided to the bank or trust company, in the event of the trustee’s death, the deposit or any part of it, along with the dividends or interest, can be paid to the person for whom the deposit was made.

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.

1.The director of finance may grant a certificate of incorporation for a safe deposit corporation, all of the stock of which will be held by a bank or trust company, in the manner provided for the incorporation of banks and trust companies in sections 362.020 to 362.035. 2.Any such safe deposit corporation shall be incorporated only for the purpose of taking and receiving as bailee for safekeeping and storage only, jewelry, plate, money, specie, bullion, stocks, bonds, securities and valuable papers of any kind, and other valuables, upon such terms and for such compensation as may be agreed upon; and letting out vaults, safes and other receptacles for the uses, purposes and benefits of such corporation.

This legal document provides special remedies for banks and trust companies engaged in a safe deposit business, as well as safe deposit companies owned by banks or trust companies. The document states that when a company receives personal property as a bailee and issues a receipt, it is considered a warehouseman, subject to existing statutes and laws affecting warehousemen. The company has a lien on the deposit or its proceeds, enforceable in the same manner as warehousemen.