Untitled section

30.240 .   2.  The securities shall have a constant value equal to the excess of the deposit over the federal deposit insurance, if any, and at the option of the depositary banking institution, be delivered to the clerk, or be deposited with such disinterested banking institution or safe depositary as trustee as may be satisfactory to both parties to the depositary agreement.   3.  The rights and duties of the several parties to the depositary contract shall be the same as those of the state and the depositary banking institution respectively under section