Banks exempt from furnishing security for insured deposits.

1. Law
2. Missouri Revised Statutes
3. Business and Financial Institutions
4. Banks and Trust Companies
5. Banks exempt from furnishing security for insured deposits.

Effective - 28 Aug 1939

362.490. Banks exempt from furnishing security for insured deposits. — Notwithstanding any provision of law of this state or of any political subdivision thereof requiring security for deposits in the form of collateral, surety bond or in any other form, security for such deposits shall not be required to the extent said deposits are insured under the provisions of an act of congress creating and establishing the Federal Deposit Insurance Corporation or similar agency created and established by the Congress of the United States.

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(RSMo 1939 § 8000)

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