110.080. Bids for depositaries — disclosure of bids a misdemeanor.
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/mo/chapter-110/110-080A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
110.080. Bids for depositaries — disclosure of bids a misdemeanor. — 1. Any banking corporation, association or trust company in the city desiring to bid shall deliver to the secretary of the board on or before twelve o'clock noon on the day of the meeting at which the depositary is to be selected a sealed bid stating the rate of interest that it offers to pay on the funds and moneys of the institution for the term of up to four years next ensuing the date of the bid.
2. It is a misdemeanor for the secretary of the board to directly or indirectly disclose the amount of any bid before the selection of the depositary or depositaries.
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(RSMo 1939 § 9374, A.L. 1959 S.B. 77, A.L. 2004 S.B. 1320, A.L. 2018 H.B. 1879 merged with S.B. 769)
Prior revisions: 1929 § 8677; 1919 § 12320