Examination

PURPOSE: This rule prescribes the examination process under the Missouri Family Trust Company Act. (1) Examinations of family trust companies and foreign family trust companies will be conducted under section 362.1085, RSMo. (2) Subsequent to any examination of a family trust company by the director of the Missouri Division of Finance, the director shall provide the family trust company with written findings, recommendations, comments, and conclusions resulting from such examination. (3) The director will provide a written notice to the family trust company or foreign family trust company stating the costs due as a result of an examination conducted in accordance with section 362.1085.4, RSMo. The company must remit payment for the cost of the examination within thirty (30) days after the receipt of notice stating that such costs are due. AUTHORITY: sections 362.1085 and 362.1116, RSMo Supp. 2017.* This rule originally filed as 15 CSR 30-120.060. Emergency rule filed Aug. 15, 2017, effective Aug. 28, 2017, expired Feb. 22, 2018. Original rule filed Aug. 15, 2017, effective March 30, 2018. Moved to 20 CSR 1140-120.060, effective Aug. 28, 2024. Non-substantive change filed Aug. 28, 2024, published Oct. 31, 2024. *Original authority: 362.1085, RSMo 2017, amended 2024, and 362.1116, RSMo 2017, amended 2024.