Effective – 28 Aug 2004, 2 histories 469.240. Definitions. — 1. In sections 469.240 to 469.350 unless the context or subject matter otherwise requires: (1) “Bank” includes any person or association of persons, whether incorporated or not, carrying on the business of banking; (2) “Fiduciary” includes a trustee under any trust, expressed, implied, resulting or […]
Effective – 10 Jul 1991, 2 histories 469.250. Payment or transfers to fiduciaries or at the direction of the fiduciary, effect on transferor. — A person who in good faith pays or transfers to a fiduciary or to any other person as directed by a fiduciary any money or other property which the fiduciary as […]
Effective – 28 Aug 2004, 2 histories 469.260. Transfer of negotiable instrument by fiduciary. — If any negotiable instrument payable or endorsed to a fiduciary as such is endorsed by the fiduciary, or if any negotiable instrument payable or endorsed to his principal is endorsed by a fiduciary empowered to endorse such instrument on behalf […]
Effective – 28 Aug 2004, 2 histories 469.270. Check drawn by fiduciary payable to third person. — If a check or other bill of exchange is drawn by a fiduciary as such, or in the name of his principal by a fiduciary empowered to draw such instrument in the name of his principal, the payee […]
Effective – 28 Aug 2004, 2 histories 469.280. Check drawn by and payable to fiduciary. — If a check or other bill of exchange is drawn by a fiduciary as such or in the name of his principal by a fiduciary empowered to draw such instrument in the name of his principal, payable to the […]
Effective – 28 Aug 2004, 2 histories 469.290. Deposit in name of fiduciary as such. — If a deposit is made in a bank to the credit of a fiduciary as such, the bank is authorized to pay the amount of the deposit or any part thereof upon the check of the fiduciary, signed with […]
Effective – 28 Aug 2004, 2 histories 469.300. Deposit in name of principal. — If a check is drawn upon the account of his principal in a bank by a fiduciary who is empowered to draw checks upon his principal’s account, the bank is authorized to pay such check without being liable to the principal, […]
Effective – 28 Aug 2004, 2 histories 469.310. Deposit in fiduciary’s personal account. — If a fiduciary makes a deposit in a bank to his personal credit of checks drawn by him upon an account in his own name as fiduciary, or of checks payable to him as fiduciary, or of checks drawn by him […]
Effective – 28 Aug 2004, 2 histories 469.320. Deposit in name of two or more trustees. — When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon the trust account by any trustee or trustees authorized by the other trustee or […]
Effective – 28 Aug 2004, 2 histories 469.330. Cases not provided for in law. — In any case not provided for in sections 469.240 to 469.350 the rules of law and equity, including the law merchant and those rules of law and equity relating to trusts, agency, negotiable instruments and banking, shall continue to apply. […]
Effective – 28 Aug 2004, 2 histories 469.340. Uniformity of interpretation. — This law shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it. ——– (L. 1959 S.B. 121 § 12, A.L. 2004 H.B. 1511) Transferred 2004; formerly 456.340
Effective – 28 Aug 2004, 2 histories 469.350. Short title. — Sections 469.240 to 469.350 may be cited as the “Uniform Fiduciaries Law”. ——– (L. 1959 S.B. 121 § 13, A.L. 2004 H.B. 1511) Transferred 2004; formerly 456.350
