HB 1617 Authorizes financial institutions to assign fiduciary obligations relating to irrevocable life insurance trusts

     Handler: Dempsey

Current Bill Summary

- Prepared by Senate Research -


HB 1617 - Banks, trust companies, savings and loan associations, and savings banks with authorized trust authority may transfer by assignment, some or all of its fiduciary obligations consisting only of irrevocable life insurance trusts to the Missouri trust office of a nonMissouri national bank with trust powers or a nonMissouri national trust company.

CHRIS HOGERTY


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