Section 436.425 – Contract form, requirements — voidability of contract — waiver of contract benefits for public assistance recipients.
Effective – 28 Aug 2009 436.425. Contract form, requirements — voidability of contract — waiver of contract benefits for public assistance recipients. — 1. All preneed contracts shall be sequentially numbered and in writing and in a font type and size that are easily read, and shall clearly and conspicuously: (1) Include the name, address […]
Section 436.430 – Trust-funded preneed contract requirements.
Effective – 28 Aug 2009 436.430. Trust-funded preneed contract requirements. — 1. A trust-funded guaranteed preneed contract shall comply with sections 436.400 to 436.520 and the specific requirements of this section. 2. A seller must deposit all payments received on a preneed contract into the designated preneed trust within sixty days of receipt of the […]
Section 436.435 – Compliance of contracts entered into prior to effective date — investment of trust property and assets — loans against assets prohibited.
Effective – 28 Aug 2009 436.435. Compliance of contracts entered into prior to effective date — investment of trust property and assets — loans against assets prohibited. — 1. To the extent that any provisions in this chapter which come into effect on August 28, 2009, apply to trusts governed under this chapter which are […]
Section 436.440 – Provisions applicable to all preneed trusts.
Effective – 28 Aug 2009 436.440. Provisions applicable to all preneed trusts. — 1. The provisions of this section shall apply to all preneed trusts, including trusts established before August 28, 2009. 2. A preneed trustee may delegate to an agent duties and powers that a prudent trustee of comparable skills would reasonably delegate under […]
Section 436.445 – Trustee not to make decisions, when.
Effective – 28 Aug 2011, 2 histories 436.445. Trustee not to make decisions, when. — A trustee of any preneed trust, including trusts established before August 28, 2009, shall not after August 28, 2009, make any decisions to invest any trust fund with: (1) The spouse of the trustee; (2) The descendants, siblings, parents, or […]
Section 436.400 – Citation of law — applicability.
Effective – 28 Aug 2009 436.400. Citation of law — applicability. — The provisions of sections 436.400 to 436.520 shall be referenced as the “Missouri Preneed Funeral Contract Act” and shall apply only to preneed contracts entered into, and accounts created on or after, August 28, 2009, unless otherwise specified. ——– (L. 2009 S.B. 1)
Section 436.405 – Definitions.
Effective – 28 Aug 2011, 2 histories 436.405. Definitions. — 1. As used in sections 436.400 to 436.520, unless the context otherwise requires, the following terms shall mean: (1) “Beneficiary”, the individual who is to be the subject of the disposition or who will receive funeral services, facilities, or merchandise described in a preneed contract; […]