Mo. Rev. Stat. § 362.1037

Current with changes from the 2024 Legislative Session

Section 362.1037 - Management authority, exclusively vested

Exclusive authority to manage a family trust company shall be vested in:

(1) If a corporation, a board of directors that consists of at least three directors; or

(2) If a limited liability company, a board of directors or managers that consists of at least three directors or managers.

At least one director or manager of the company shall be a resident of this state.

§ 362.1037, RSMo

Amended by 2020 Mo. Laws, SB 599,s A, eff. 8/28/2020.

L. 2017H.B. 292