Section 2.8 Nonresidents Generally

• Library: Trusts and Powers 2013 Supp

5. (§2.8) Nonresidents Generally

There is no general prohibition preventing a nonresident individual from acting as trustee for a Missouri trust. See §2.10 below with regard to foreign corporations.

Section 443.350, now RSMo 2000, was revised in 1994 to clarify a prior statute that perhaps too broadly provided that “[n]o foreign corporation or individual shall act as trustee in any deed of trust or other conveyance . . . whereby any property . . . situate or being in this state, is hereafter conveyed in...