SCS SB 1235 -- MISSOURI UNIFORM TRUST CODE

This bill adds United States government obligations, either
directly or in the form of fully collateralized securities of any
open- or closed-end management investment company or trust
registered pursuant to the Investment Company Act of 1940, to the
types of securities in which a trustee may invest and reinvest
trust assets under the Missouri Uniform Trust Code.  Any bank or
trust company when acting as an investment advisor or custodian
in a fiduciary capacity with respect to the investment of trust
assets will be subject to the Missouri Prudent Investor Act.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:13 pm