Missouri Laws 362.1050 v2 – Fiduciary books and records, how maintained — assets not subject to debts ..
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1. A family trust company shall maintain its fiduciary books and records separate and distinct from other records of the company and shall segregate all assets held in any fiduciary capacity from other assets of the company.
2. Assets received or held in a fiduciary capacity by a family trust company shall not be subject to the debts or obligations of the company.
Terms Used In Missouri Laws 362.1050 v2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiduciary: A trustee, executor, or administrator.