Missouri Laws 378.621 – Investment of funds
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Terms Used In Missouri Laws 378.621
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Laws: the society's articles of incorporation, constitution and bylaws, however designated. See Missouri Laws 378.604
- Society: a fraternal benefit society, unless otherwise indicated. See Missouri Laws 378.604
- 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
A society shall invest its funds only in such investments as are authorized by the laws of this state for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this state which invests its funds in accordance with the laws of the state, district, territory, country or province in which it is incorporated, shall be held to meet the requirements of this section for the investment of funds.