☰ Revisor of Missouri

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 362

< > Effective - 28 Aug 1988    bottom

  362.410.  Preservation of books and records. — 1.  The division of finance shall issue rules for classifying the records kept by all banks and trust companies in the state and specifying the minimum period for which records of each class shall be retained.  The period may be permanent or for a term of years.  Prior to issuing these rules the division of finance shall consider:

  (1)  Court and administrative proceeding requirements pertaining to evidence and the production of bank records;

  (2)  State and federal statutes of limitations and record retention statutes and regulations; and

  (3)  Other matters which the division considers pertinent so that its recommendations protect bank records for as short a period as possible and ensure the safety and soundness of the bank.

  2.  A state chartered bank may have records in its custody reproduced as provided in section 362.413.

  3.  No bank or trust company shall be liable for disposing of any record provided that such bank or trust company complies with the rules issued by the division of finance pursuant to this section.

­­--------

(RSMo 1939 § 7987, A.L. 1967 p. 445, A.L. 1988 S.B. 773)

Prior revisions: 1929 § 5391; 1919 § 11770


---- end of effective  28 Aug 1988 ----

use this link to bookmark section  362.410


Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House