Missouri § 376.240 - Deposits to be held in trust by director.
Full text of Missouri Revised Statutes of Missouri § 376.240 — Deposits to be held in trust by director., with citation guidance and answers to common questions.
§ 376.240. Deposits to be held in trust by director.
The securities deposited under the provisions of section 376.170 shall be legally transferred to the director of the department of commerce and insurance, and so large an amount thereof as may be necessary to equal, at all times, the net value of the outstanding registered policies and annuity bonds, less such liens not exceeding such value as the company may hold against them, shall be held by him in trust for the purposes of sections 376.010 to 376.670, until the obligations of said companies, under said registered policies and annuity bonds shall, to the satisfaction of the said director, be fully liquidated, cancelled or annulled.
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(RSMo 1939 § 5824)
Prior revisions: 1929 § 5713; 1919 § 6124; 1909 § 6918
---- end of effective 28 Aug 1939 ----
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Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 376.240
What does Revised Statutes of Missouri § 376.240 cover?
Section 376.240 ("Deposits to be held in trust by director.") 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 § 376.240?
A common citation format is "Revised Statutes of Missouri § 376.240" (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 § 376.240 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.