Missouri Revised Statutes













Chapter 110

Depositaries for Public Funds

←110.090

Section 110.110.1

110.130→

August 28, 2015

Duty of treasurer.

110.110. The treasurer of the board of managers, by whatever name called,

of the institution, after the selection of the depositaries and the approval

of their security, immediately upon the receipt of any money thereafter shall

deposit the same with the depositary to the credit of the institution, and the

treasurer shall, as near as may be, maintain with the depositary selected its

due and proper share of the total of the funds let; and for any failure of

the treasurer to make transfer of the funds or to deposit all of the funds

with the depositary, he shall be liable to the depositary for ten percent per

month upon the part of the funds not deposited, to be recovered by civil

action.



(RSMo 1939 § 9377, A.L. 1959 S.B. 77)



Prior revisions: 1929 § 8680; 1919 § 12323







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