HB 1571 (Truly Agreed) | Requires fiduciaries to comply with Missouri Prudent Investor Act |
SCS/HB 1571 - This act requires that anyone acting in a fiduciary capacity as a custodian, conservator, personal representative or attorney in fact must invest funds in compliance with the Missouri Prudent Investor Act, Sections 456.900 to 456.913, RSMo, after August 28, 1998.
Additionally, this substitute remedies a technicality
relating to the ability of a foreign National Bank to assume the
trust duties of Missouri bank or trust company that has been
merged into the National Bank.
DENISE GARNIER