Missouri § 362.1045 - Fidelity bonds, errors and omissions insurance policies, other insurance policies, company may procure and maintain.
Full text of Missouri Revised Statutes of Missouri § 362.1045 — Fidelity bonds, errors and omissions insurance policies, other insurance policies, company may procure and maintain., with citation guidance and answers to common questions.
§ 362.1045. Fidelity bonds, errors and omissions insurance policies, other insurance policies, company may procure and maintain.
1. A family trust company may procure and maintain fidelity bonds on all active officers, directors, managers, and members acting in a managerial capacity and on all employees of the company in order to indemnify the family trust company against loss resulting from dishonest, fraudulent, or criminal acts or omissions committed by any such person, whether acting alone or in combination with other persons and regardless of whether such person receives a salary or other compensation from the company.
2. A family trust company may also procure and maintain an errors and omissions insurance policy in which the family trust company is listed as the insured to cover the acts and omissions of officers, directors, managers, and members acting in a managerial capacity, regardless of whether any such person receives a salary or other compensation from the company.
3. A family trust company may also procure and maintain other insurance policies necessary or desirable in connection with the business of the company including, but not limited to, one or more casualty insurance policies.
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(L. 2017 H.B. 292)
---- end of effective 28 Aug 2017 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 362.1045
What does Revised Statutes of Missouri § 362.1045 cover?
Section 362.1045 ("Fidelity bonds, errors and omissions insurance policies, other insurance policies, company may procure and maintain.") 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 § 362.1045?
A common citation format is "Revised Statutes of Missouri § 362.1045" (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 § 362.1045 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.