Missouri § 87.275 - Amount kept on deposit.
Full text of Missouri Revised Statutes of Missouri § 87.275 — Amount kept on deposit., with citation guidance and answers to common questions.
§ 87.275. Amount kept on deposit.
For the purpose of meeting disbursements for benefits and other payments there may be kept available cash not exceeding ten percent of the total amount in the several funds of the retirement system on deposit in one or more banks or trust companies in the city, organized under the laws of the state of Missouri, or of the United States. The amount on deposit in any one bank or trust company shall not exceed twenty-five percent of the paid up capital and surplus of the bank or trust company.
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(L. 1943 p. 708 § 7, A.L. 1959 S.B. 314 § 86.563)
---- end of effective 28 Aug 1959 ----
Frequently Asked Questions About Missouri § 87.275
What does Revised Statutes of Missouri § 87.275 cover?
Section 87.275 ("Amount kept on deposit.") 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 § 87.275?
A common citation format is "Revised Statutes of Missouri § 87.275" (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 § 87.275 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.