Missouri § 362.1035 - Capital account, minimum required — company's duty to maintain, requirements.
Full text of Missouri Revised Statutes of Missouri § 362.1035 — Capital account, minimum required — company's duty to maintain, requirements., with citation guidance and answers to common questions.
§ 362.1035. Capital account, minimum required — company's duty to maintain, requirements.
1. No family trust company shall be organized or operated with a capital account of less than two hundred fifty thousand dollars. The full amount of the initial capital account of a family trust company shall consist of one or more asset groups described under subsection 1 of section 362.1070, exclusive of all organization expenses.
2. A family trust company shall maintain:
(1) A physical office in this state where original or true copies, including electronic copies, of all material business records and accounts of the family trust company may be accessed and are readily available for examination by the director. A family trust company may also maintain one or more branch offices within or outside of this state;
(2) A registered agent who maintains an office in this state;
(3) All applicable state and local business licenses, charters, and permits; and
(4) A deposit account with a state-chartered or national financial institution that has a principal or branch office in this state.
3. In addition to the requirements of subsection 2 of this section, a foreign family trust company shall also:
(1) Be in good standing in the jurisdiction in which it is incorporated or organized; and
(2) Stay in compliance with the family trust company laws and regulations of such jurisdiction.
--------
(L. 2017 H.B. 292, A.L. 2024 S.B. 1359)
---- end of effective 28 Aug 2024 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 362.1035
What does Revised Statutes of Missouri § 362.1035 cover?
Section 362.1035 ("Capital account, minimum required — company's duty to maintain, requirements.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 362.1035?
A common citation format is "Revised Statutes of Missouri § 362.1035" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 362.1035 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.