HB 1571 (Truly Agreed) Requires fiduciaries to comply with Missouri Prudent Investor Act
Bill Summary
- Prepared by Senate Research -

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

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