362.190. May be used as security.
71 words·~1 min read·
/mo/chapter-362/362-190A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
362.190. May be used as security. — Bonds, notes, or debentures issued by the Federal Housing Administrator or insured by the United States government under title II of the National Housing Act may be eligible as security for all public deposits in depositaries, or by public officials, departments of state, or any political subdivision thereof, where bonds or deposits are required by law to be deposited.
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(RSMo 1939 § 8191)