"Application of Foreign Corporation for Certificate of Reciprocity to Act as a Fiduciary in Missouri" - Missouri

Application of Foreign Corporation for Certificate of Reciprocity to Act as a Fiduciary in Missouri is a legal document that was released by the Missouri Department of Commerce and Insurance - a government authority operating within Missouri.

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Download "Application of Foreign Corporation for Certificate of Reciprocity to Act as a Fiduciary in Missouri" - Missouri

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APPLICATION OF FOREIGN CORPORATION
FOR CERTIFICATE OF RECIPROCITY
TO ACT AS A FIDUCIARY IN MISSOURI
State of
)
)
ss.
County of
)
TO:
Commissioner of Finance (Director of the Division of Finance)
P. O. Box 716
Jefferson City, Missouri 65102
The undersigned corporation hereby makes application for a Certificate of Reciprocity to act as
fiduciary in the State of Missouri pursuant to provisions of Section 362.600, RSMo, and hereby
represents:
1.
The correct name of the corporation is
2.
The name of the state under which applicant is incorporated or is the applicant a
national banking association.
3.
The address of applicant's principal business office is
4.
Applicant desires to act in the following fiduciary capacity or capacities in the State of
Missouri:
5.
Applicant is authorized to act in the fiduciary capacities named in Paragraph 4, above,
(a) in the state of incorporation shown in Paragraph 2, above, or (b) as a national
banking association where it has its principal place of business.*
6.
This application constitutes the irrevocable appointment of the Commissioner of
Finance of Missouri as applicant's true and lawful attorney to receive service of all legal
process in any action or proceeding against it relating to or growing out of any trust,
estate or matter in respect of which applicant may act in the State of Missouri in any
fiduciary capacity pursuant to the certificate of reciprocity applied for.
-1-
APPLICATION OF FOREIGN CORPORATION
FOR CERTIFICATE OF RECIPROCITY
TO ACT AS A FIDUCIARY IN MISSOURI
State of
)
)
ss.
County of
)
TO:
Commissioner of Finance (Director of the Division of Finance)
P. O. Box 716
Jefferson City, Missouri 65102
The undersigned corporation hereby makes application for a Certificate of Reciprocity to act as
fiduciary in the State of Missouri pursuant to provisions of Section 362.600, RSMo, and hereby
represents:
1.
The correct name of the corporation is
2.
The name of the state under which applicant is incorporated or is the applicant a
national banking association.
3.
The address of applicant's principal business office is
4.
Applicant desires to act in the following fiduciary capacity or capacities in the State of
Missouri:
5.
Applicant is authorized to act in the fiduciary capacities named in Paragraph 4, above,
(a) in the state of incorporation shown in Paragraph 2, above, or (b) as a national
banking association where it has its principal place of business.*
6.
This application constitutes the irrevocable appointment of the Commissioner of
Finance of Missouri as applicant's true and lawful attorney to receive service of all legal
process in any action or proceeding against it relating to or growing out of any trust,
estate or matter in respect of which applicant may act in the State of Missouri in any
fiduciary capacity pursuant to the certificate of reciprocity applied for.
-1-
7.
The Commissioner requires verification that the applicant satisfies the capital
requirement which is equal to the new charter requirement
for a Missouri trust
1
company or that it maintains a bond for the faithful performance of all its fiduciary
activities equivalent to the Missouri capital requirements. The Commissioner may
require the applicant to submit a bond issued by a surety company authorized to do
business in the State of Missouri in the minimum amount of two million dollars in a
form or such greater amount acceptable to the Commissioner of the Division of
Finance.
The surety bond shall secure the faithful performance of the fiduciary
obligations of the out-of-state bank or trust company in Missouri.
8.
That the post office address to which the Commissioner of Finance of Missouri may
mail a copy of any process against this applicant that may be served upon him is
1 Presently, the capital requirement for a new charter is two million dollars. Audited statements or call
reports may be submitted to demonstrate this requirement.
-2-
IN WITNESS WHEREOF the undersigned corporation has caused this application to be executed in
its name by
(President or Vice President)
Attested by:
(Secretary or Assistant Secretary)
Dated this
day of
,
(Exact Corporate Title)
(Corporate Seal)
By:
(President or Vice President)
Attest:
(Secretary or Assistant Secretary)
State of
)
) ss.
County of
)
I, _________________________, a Notary Public, do hereby certify that on the _____ day of
_________________, ______, personally appeared before me ___________________________, who declares
he is ____________________ (President or Vice President) of the corporation executing the above instrument
and, being first duly sworn, acknowledged that he signed the foregoing document in the capacity therein set
forth and declared that the statements therein contained are true.
IN WITNESS WHEREOF, I hereunto set my hand and seal the day and year before written.
(Notarial Seal)
__________________________________
Notary Public
My commission expires _________________________.
-3-
*INSTRUCTIONS
1.
Each applicant shall submit a certified copy of the statute of the foreign state disclosing grant of
like fiduciary powers to applicant and to Missouri banks and other corporations which may
desire to exercise such fiduciary powers in the state of applicant's residence.
2.
If applicant is a national banking association, this application shall have appended to it a
certified copy of the permit to exercise fiduciary powers issued to applicant by the Board of
Governors of the Federal Reserve System or the Comptroller of the Currency.
3
If applicant is a state chartered or incorporated bank or other corporation, the application shall
have appended to it an extract of applicant's articles of incorporation, duly certified, showing the
fiduciary powers assumed.
4.
The Commissioner requires verification that the applicant satisfies the capital requirement which
is equal to the new charter requirement for a Missouri trust company or that it maintains a bond
for the faithful performance of all its fiduciary activities equivalent to the Missouri capital
requirements. The Commissioner may require the applicant to submit a bond issued by a surety
company authorized to do business in the State of Missouri in the minimum amount of two
million dollars in a form or such greater amount acceptable to the Commissioner of the Division
of Finance. The surety bond shall secure the faithful performance of the fiduciary obligations of
the out-of-state bank or trust company in Missouri.
5
Also, include with the application the fee of $100.00 to our office made payable to the Missouri
Division of Finance.
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