Missouri Laws 375.370 – Collateral to be assigned to company
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Terms Used In Missouri Laws 375.370
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
All stocks and other evidence of indebtedness, except such as are transferable by delivery, held by insurance companies doing business in this state, as collateral for moneys loaned or other obligations, shall be regularly assigned and transferred over to said companies by the corporations or individuals issuing the same, and shall be surrendered by such companies only when the obligations of the assignors shall have been permanently and satisfactorily fulfilled and discharged.