HB 1617 -- IRREVOCABLE LIFE INSURANCE TRUSTS (Cunningham, 86)

COMMITTEE OF ORIGIN:  Special Committee on Financial Institutions

This bill allows a bank, trust company, savings and loan
association, or a savings bank to transfer by assignment some or
all of its fiduciary obligations consisting of irrevocable life
insurance trusts to the Missouri Trust Office of a non-Missouri
national bank or trust company.

FISCAL NOTE:  No impact on state funds in FY 2009, FY 2010, and
FY 2011.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:10 pm