MO SB721

Reduces minimum liquid asset requirement for travel clubs from $200,000 to $50,000 in the form of certificates of deposit, letters of credit from banking institutions in good standing with the Division of Finance, or surety bonds.

Removes requirement that banking institutions issuing letters of credit must have assets of at least $75 million.

Requires travel clubs previously adjudged to have failed legal obligations to maintain $250,000 in assets, with demonstration required within 30 days of adjudication or lose registration.

Mandates Missouri Attorney General release held assets within 30 days of written notification of travel club dissolution if all legal obligations are satisfied and no violations are pending.

Declares the act an emergency measure effective upon passage and approval to ensure travel clubs maintain sufficient assets to cover outstanding claims.