Current through 2024 Regular Session legislation effective June 6, 2024
Section 709.080 - Charges for handling securities; collection procedure(1) The Director of the Department of Consumer and Business Services may charge a reasonable amount for any expenses incurred and services rendered in connection with deposits of securities.(2) If a trust company does not, after due notice, pay to the director any charge assessed against it under this section, the director may:(a) Apply in payment of the charges, with interest at the legal rate, as much as necessary of the interest or other earnings accruing on any securities deposited with the director; or(b) Report the facts to the Attorney General, who shall, in the name of the director, institute appropriate action against the trust company. Amended by 1973 c.797 §188; 1997 c.631 §208