Effective - 28 Aug 1973
110.020. Securities deposited, amount of. — The value of the securities deposited and maintained by a legal depositary under section 110.010 shall at all times be not less than one hundred percent of the actual amount of the funds on deposit with the depositary, less the amount, if any, insured by the Federal Deposit Insurance Corporation.
--------
(RSMo 1939 § 8184, A.L. 1959 S.B. 77, A.L. 1973 S.B. 66)
CROSS REFERENCES:
Accounts of certain savings and loan associations shall be legal securities, when, 369.194
Bonds, notes, etc., of the FHA may be used as security, 362.190
Structure Missouri Revised Statutes
Title VIII - Public Officers and Employees, Bonds and Records
Chapter 110 - Depositaries for Public Funds
Section 110.010 - Deposits of public funds to be secured.
Section 110.020 - Securities deposited, amount of.
Section 110.030 - Advertisement for bids unnecessary, when.
Section 110.040 - Depositary outside of territorial limits legal, when.
Section 110.050 - Liability of depositaries.
Section 110.060 - Banks to provide security for certain deposits, when.
Section 110.070 - Bids for depositaries — publication of notice.
Section 110.080 - Bids for depositaries — disclosure of bids a misdemeanor.
Section 110.090 - Selection of depositary — computation of interest — rejected bids.
Section 110.110 - Duty of treasurer.
Section 110.130 - Depositaries of county funds — how selected.
Section 110.140 - Procedure for bidders — disclosure of bids a misdemeanor.
Section 110.150 - Public opening of bids — computation and payment of interest — rejected bids.
Section 110.180 - Duty of county commission when no bids submitted.
Section 110.190 - Duty of county commission when funds are deposited with two or more banks.
Section 110.200 - County commission may readvertise and relet.
Section 110.210 - Failure to select depositary.
Section 110.230 - Duplicate monthly statements by depositaries.
Section 110.240 - Warrants — checks.
Section 110.250 - Depositary to provide additional security, when.
Section 110.260 - County treasurer exempt from liability, when.