Title 103 · MO 103

Missouri Revisor of Statutes - Revised Statutes of Missouri, RSMo Section 103.036

Citation: Mo. Rev. Stat. § 103.036

Section: 103.036

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  Do search Help   This chapter only Title VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS Chapter 103 < > â¢ Effective - 28 Aug 1992

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âÂ 103.036. Â Â Benefit trust fund account to be established by board, purpose â powers of board to carry out duties. â The board shall set up and maintain a benefit trust fund account in which shall be placed all payroll deductions, payments, and income from all sources.Â Â All property, money, funds, investments, and rights which shall belong to or be available for expenditure or use by the plan shall be dedicated to and held in trust for the members and for the purposes herein set out and no other.Â Â The board shall have power, in the name and on behalf of the plan, to purchase, acquire, hold, invest, lend, lease, sell, assign, transfer, and dispose of all property, rights, and securities, and enter into written contracts as may be necessary and proper to carry out its duties. ÂÂ-------- (L. 1992 H.B. 1574 Â§ 1 subsec. 16)

---- end of effectiveâ 28 Aug 1992 ---- use this link to bookmark section â103.036

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