Mo. Rev. Stat. § 86.117

Current with changes from the 2023 Legislative Session
Section 86.117 - Ten percent of fund may be in available cash - how kept

For the purpose of meeting disbursements for pensions, annuities, and other payments, there may be kept available cash not exceeding ten percent of the total amount in the several funds of the retirement system on deposit in one or more banks or trust companies in said cities, organized under the laws of the state of Missouri, or of the United States; provided, that the amount on deposit in any one bank or trust company shall not exceed twenty-five percent of the paid up capital and surplus of such bank or trust company.

§ 86.117, RSMo

RSMo 1939 § 9470

Prior revision: 1929 § 8912