Missouri § 103.036 - Benefit trust fund account to be established by board, purpose — powers of board to carry out duties.
Full text of Missouri Revised Statutes of Missouri § 103.036 — Benefit trust fund account to be established by board, purpose — powers of board to carry out duties., with citation guidance and answers to common questions.
§ 103.036. Benefit trust fund account to be established by board, purpose — powers of board to carry out duties.
The board shall set up and maintain a benefit trust fund account in which shall be placed all payroll deductions, payments, and income from all sources. All property, money, funds, investments, and rights which shall belong to or be available for expenditure or use by the plan shall be dedicated to and held in trust for the members and for the purposes herein set out and no other. The board shall have power, in the name and on behalf of the plan, to purchase, acquire, hold, invest, lend, lease, sell, assign, transfer, and dispose of all property, rights, and securities, and enter into written contracts as may be necessary and proper to carry out its duties.
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(L. 1992 H.B. 1574 § 1 subsec. 16)
---- end of effective 28 Aug 1992 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 103.036
What does Revised Statutes of Missouri § 103.036 cover?
Section 103.036 ("Benefit trust fund account to be established by board, purpose — powers of board to carry out duties.") 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 § 103.036?
A common citation format is "Revised Statutes of Missouri § 103.036" (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 § 103.036 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.