Missouri Revised Statutes
Chapter 110 - Depositaries for Public Funds
Section 110.050 - Liability of depositaries.

Effective - 28 Aug 1939
110.050. Liability of depositaries. — No bank or trust company wherein any deposits of private or public moneys shall be made shall become obligated or liable on account thereof except for the safekeeping thereof and for the payment of the amount thereof with interest thereon, if any, which said depositary may have contracted to pay. All banks and trust companies and other banking institutions now or hereafter engaged in business in this state shall be and they are hereby authorized with respect to any and all such funds deposited with them to provide and maintain the security for such deposits as may be by law required.
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(RSMo 1939 § 8187)

Structure Missouri Revised Statutes

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 110.170 - Transferring funds to depositary — liability of collector-treasurer and depositary — duties of township trustees.

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.

Section 110.270 - Counties may place money not needed for current operations outright or by repurchase agreement, requirement.