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MO HB966
Bill
Status
2/17/2015
Primary Sponsor
Tony Dugger
Click for details
AI Summary
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Changes the Division of Finance's authority to issue rules for classifying bank and trust company records from mandatory ("shall") to discretionary ("may")
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Requires the Division to consider court/administrative evidence requirements, state and federal statutes of limitations, and record retention regulations before issuing any rules
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Allows state chartered banks to reproduce records in their custody as provided under section 362.413
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Protects banks and trust companies from liability when disposing of records, provided they comply with Division of Finance rules
Legislative Description
Modifies provisions relating to the classification of records kept by banks and trust companies
Last Action
Referred: Select Committee on Financial Institutions and Taxation(H)
3/16/2015