Missouri § 362.1040 - Organizational instruments, requirements.
Full text of Missouri Revised Statutes of Missouri § 362.1040 — Organizational instruments, requirements., with citation guidance and answers to common questions.
§ 362.1040. Organizational instruments, requirements.
1. One or more persons may subscribe to an organizational instrument in writing for the purpose of forming a family trust company, subject to the conditions prescribed by law.
2. The organizational instrument of a family trust company shall set forth all of the information required under chapter 347 or 351, as applicable, and the following:
(1) The name of the company, which shall distinguish the company from any other nonfamily trust company or family trust company formed or engaging in business in this state. If the word "trust" is included in the name, it shall be immediately preceded by the word "family" so as to distinguish the entity from a nonfamily trust company operating under this chapter. This subdivision shall not apply to a foreign family trust company using a fictitious name that is registered and maintained in this state pursuant to the requirements administered by the secretary of state and that distinguishes the foreign family trust company from a nonfamily trust company authorized to operate under this chapter;
(2) A statement that the purpose for which the company is formed is to engage in any and all activities permitted under sections 362.1010 to 362.1117; and
(3) A statement affirming that the family trust company shall not engage in trust company business with the general public.
3. The term "trust company" in the name adopted by a family trust company shall not be deemed to violate section 362.425.
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(L. 2017 H.B. 292, A.L. 2020 S.B. 599, A.L. 2024 S.B. 1359)
---- end of effective 28 Aug 2024 ----
Frequently Asked Questions About Missouri § 362.1040
What does Revised Statutes of Missouri § 362.1040 cover?
Section 362.1040 ("Organizational instruments, 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 § 362.1040?
A common citation format is "Revised Statutes of Missouri § 362.1040" (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 § 362.1040 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.