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Title XXVI TRADE AND COMMERCE

Chapter 404

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  404.712.  Name in which acts are performed and property held — property and accounts of principal to be kept separate — how identified. — 1.  An attorney in fact acting for the principal under a power of attorney shall clearly indicate his capacity and shall keep the principal's property and accounts separate and distinct from all other property and accounts in a manner to identify the property and accounts clearly as belonging to the principal.

  2.  An attorney in fact holding property for a principal complies with subsection 1 of this section if the property is held in the name of the principal, in the name of the attorney in fact as attorney in fact for the principal or in the name of the attorney in fact as personal custodian for the principal under the Missouri personal custodian law, uniform custodial trust law or similar law of any state.

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(L. 1989 H.B. 145 § 6)


---- end of effective   28 Aug 1989 ----

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