Missouri § 165.201 - Selection of depositaries in seven-director districts without advertising for bids — deposit to be secured.
Full text of Missouri Revised Statutes of Missouri § 165.201 — Selection of depositaries in seven-director districts without advertising for bids — deposit to be secured., with citation guidance and answers to common questions.
§ 165.201. Selection of depositaries in seven-director districts without advertising for bids — deposit to be secured.
If at the time bids should be received or the selection of depositaries should be made in seven-director districts in accordance with the provisions of sections 165.211 to 165.291, it is unlawful for banking institutions to pay interest upon demand deposits, or if there is not a sufficient number of bids submitted, the board may name depositaries of all or any part, not less than one-sixteenth part thereof, of its funds, without advertising for bids and without requiring the payment of any interest. Each depositary selected within ten days after its selection in accordance with the provisions of this section shall deposit securities required for the deposit of school funds as provided in sections 110.010 and 110.020.
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(L. 1963 p. 200 § 6-20)
(Source: RSMo 1959 § 165.427)
---- end of effective 28 Aug 1963 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 165.201
What does Revised Statutes of Missouri § 165.201 cover?
Section 165.201 ("Selection of depositaries in seven-director districts without advertising for bids — deposit to be secured.") 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 § 165.201?
A common citation format is "Revised Statutes of Missouri § 165.201" (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 § 165.201 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.