261.026. Director — trust assets — duties.

178 words·~1 min read·/mo/chapter-261/261-026

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

261.026. Director — trust assets — duties. — 1. The director of agriculture is authorized and directed to enter into agreements with the Secretary of Agriculture of the United States pursuant to section 2(f) (40 U.S.C.A. § 440f) of the aforesaid act of the Congress of the United States, upon such terms and conditions and for such periods of time as may be mutually agreeable, authorizing the Secretary of Agriculture of the United States to accept, administer, expend and use in the state of Missouri all of such trust assets for carrying out the purposes of Titles I and II of the Bankhead-Jones Farm Tenant Act (7 U.S.C.A. §§ 1001-1007a), in accordance with the applicable provisions of Title IV thereof (7 U.S.C.A. §§ 1030-1039), as now or hereafter amended, and to do any and all things necessary to effectuate said agreements.

2. The United States and the Secretary of Agriculture thereof shall be held free from liability by virtue of any transfer of such assets to the director of agriculture.

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(L. 1951 p. 3 §§ 2, 3)