Revisor Home

Title VII CITIES, TOWNS AND VILLAGES

Chapter 87

Effective - 28 Aug 1959 bottom

  87.275.  Amount kept on deposit. — For the purpose of meeting disbursements for benefits and other payments there may be kept available cash not exceeding ten percent of the total amount in the several funds of the retirement system on deposit in one or more banks or trust companies in the city, organized under the laws of the state of Missouri, or of the United States.  The amount on deposit in any one bank or trust company shall not exceed twenty-five percent of the paid up capital and surplus of the bank or trust company.

­­--------

(L. 1943 p. 708 § 7, A.L. 1959 S.B. 314 § 86.563)


---- end of effective   28 Aug 1959 ----

use this link to bookmark section  87.275


In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Contact
Other Links
Oversight Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@02:56:58.9 7 :)