Bank or trust company may act as custodian, when.

Mo. Rev. Stat. § 362.112
in effect
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362.112. Bank or trust company may act as custodian, when. — In addition to any other banking authority, a bank or trust company may act as a custodian for any entity, public or private, and place funds in any other financial institutions, provided such funds are placed in deposits and insured by the Federal Deposit Insurance Corporation. (L. 2004 S.B. 1093)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://revisor.mo.gov/main/OneSection.aspx?section=362.112Fetched: 10/17/2026