Retirement accounts and pension funds, authority to serve as trustee.

370.285. Retirement accounts and pension funds, authority to serve as trustee. — 1. A credit union may act as trustee or custodian of individual retirement accounts authorized by federal or state law, pension funds of self-employed individuals or of a company or organization sponsoring the credit union, or other similar retirement or pension plans. 2. A credit union may act as trustee or custodian under pension and profit sharing plans. (L. 1984 H.B. 962)