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Code · Missouri · Chapter 110

110.020. Securities deposited, amount of.

96 words·~1 min read·/mo/chapter-110/110-020

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110.020. Securities deposited, amount of. — The value of the securities deposited and maintained by a legal depositary under section 110.010 shall at all times be not less than one hundred percent of the actual amount of the funds on deposit with the depositary, less the amount, if any, insured by the Federal Deposit Insurance Corporation.
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(RSMo 1939 § 8184, A.L. 1959 S.B. 77, A.L. 1973 S.B. 66)
CROSS REFERENCES:
Accounts of certain savings and loan associations shall be legal securities, when, 369.194
Bonds, notes, etc., of the FHA may be used as security, 362.190
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