How many days do financial institutions have to pay sellers on joint accounts and trusts?

In Missouri, financial institutions are required to pay sellers on joint accounts and trusts within a specific timeframe. The law stipulates that they must complete this payment within 15 days of receiving proper documentation or notice regarding the request for payment from the account holders or beneficiaries. This prompt timeframe is designed to facilitate timely access to funds, ensuring that individuals have the financial resources they need during periods of transition, such as after a funeral or in the settlement of estates.

Choosing 15 days reflects an understanding of the legal obligations that financial institutions have to their customers, especially in sensitive situations involving joint accounts and trusts. The other options, although specified, do not align with the established legal standard for this type of financial transaction, making 15 days the correct and appropriate answer in this context.