Terms Used In Missouri Laws 369.164

  • Account: the monetary interest of the owner thereof in the deposit capital of an association and consists of the withdrawal value of such interest. See Missouri Laws 369.014
  • Association: a savings and loan association or a savings association subject to the provisions of this chapter. See Missouri Laws 369.014

An association may continue to recognize the written authority of an attorney in fact to make any addition to and withdrawal from the account of an owner until it receives written notice of the death or adjudication of disability or incapacity of the owner, or of revocation of the attorney’s authority. Any payment by the association to an attorney in fact prior to receipt of such notice shall be a complete discharge of the association as to the amount so paid.