Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS Chapter 362 • Effective - 28 Aug 2020, 2 histories 362.1037. Management authority, exclusively vested. — Exclusive authority to manage a family trust company shall be vested in: (1) If a corporation, a board of directors that consists of at least three directors; or (2) If a limited liability company, a board of directors or managers that consists of at least three directors or managers. At least one director or manager of the company shall be a resident of this state. -------- (L. 2017 H.B. 292, A.L. 2020 S.B. 599)
Missouri Legal Code