Security Deposit Account

[Lindsey Matejak]

Hey BP- I've looked online and on the forums, but can't find a definitive answer. I know that in the past all held security deposits needed to be stored in their own dedicated TRUST bank account in Missouri. It looks like that may have changed in the recent past so that at TRUST account did not have to be created. Security Deposits still need to be in their own dedicated bank account, but it can be an account opened under my LLC name rather than a trust. Can anyone confirm the current law on this? TIA!