Mo. Rev. Stat. ch. 369 – Savings and Loan Associations | Midpage

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Revised Statutes of Missouri

Chapter 369

Mo. Rev. Stat. ch. 369

Savings and Loan Associations

369.010Short title 369.014Definitions 369.019Incorporation, requirements, procedure, contents of petition, fees 369.024Director to approve or deny petition — tentative approval — protest, how filed — final approval, effect of 369.029Perpetual existence, when commenced 369.034Incorporation fee, how computed, bond required 369.039Expense fund, mutual associations, purpose, amount — contributions, how repaid — associations exempted, when 369.044Bylaws, when and how adopted — approval by members 369.049Name may include what, exceptions — deceptive names prohibited — amending charter for name changes — violations, injunction 369.054Office, location of — approval to establish or move, when — closing a branch office, notice 369.059Amendment of articles of incorporation, procedure 369.064Failure to commence business within six months, effect of 369.069Conversion to federal association, procedure, effect of 369.074Conversion to state association, procedure, effect of 369.078Conversion from mutual to capital stock association — requirements — rules of division, content — certificate of conversion, issued, when, effect of 369.079Merger or consolidation, procedure — association may charter interim association, when, procedure 369.084Merger, effect of 369.086Savings and loan holding company, defined — subsidiary, defined — registration, examination and regulation by division 369.087Association may convert, merge or consolidate with bank or trust company — procedure 369.089Dissolution 369.094Meetings, when, notice, voting 369.099Inspection of records, by whom — credit reporting, allowed when 369.104Publication of financial statement 369.109Directors, election, powers, qualifications, meetings 369.114Bonds, who shall have, amount, how and when modified — issuance by fidelity insurance company, requirements, modification of, procedure — reciprocal organization, when and how established 369.124Reimbursement of certain legal costs, when — liability insurance for certain personnel, who may issue, policy modifications, how — reciprocal organizations, when, annual report 369.129Association records, how kept 369.134Reserve account required 369.139Emergency rules and regulations, when 369.144Powers of an association 369.145Safe deposit boxes, same rights, powers and duties as bank and trust companies 369.149Mutual associations — liability and rights of members — rejection or limitation on memberships 369.154Accounts, who may own — contracts for — evidence of ownership — accounts of disabled person, how handled 369.159Fee or service charge authorized 369.161Savings and loan association or savings bank may act as custodian, when 369.162Irrevocable life insurance trusts — savings and loan associations may transfer fiduciary duty, when 369.164Attorney in fact, association may recognize, when 369.169Minors, association may treat as an adult, when 369.174Joint tenants' accounts, how handled 369.176State employee compensation deductions authorized for investment by office of administration 369.179Accounts in trust, how handled 369.184Fiduciary accounts, how handled 369.186Accounts payable to second named person upon death of first named person, how handled 369.189Deposits, form, terms and conditions, regulation of — director, imposition of restrictions and powers on associations, how 369.191Association may own or control safety vault 369.192Remedies in enforcement of liabilities and right of renters of safe deposit boxes 369.194Accounts declared legal investments for fiduciaries 369.204Earnings of accounts, how determined and distributed 369.209Withdrawal, how, when — failure to pay withdrawal applications, powers of director 369.211Joint renters of safe deposit box — survivor's rights 369.212Death of all lessees of safe deposit box, duties of association 369.214Redemption of accounts, how and when, effect of 369.219Approved investments 369.224Association to maintain liquid assets — minimum percentage, how set 369.229Approved transactions and loans 369.234Preference given association holding first lien 369.239Association may accept pledge of borrower's account or other additional collateral 369.244Association may purchase, convey or manage property in which it has a security interest — time limitation 369.249Director may regulate lending practices 369.254Association may invest in real property and mobile homes, when 369.259Unapproved transfer of encumbered property, effect of 369.264Lending association not liable to borrower or others for defective final product, when 369.279Examiners, appointment, duties — attorney authorized 369.294Certain interest in an association by director and examiners prohibited — information to be confidential, exceptions 369.299Powers and duties of director 369.301Rulemaking, procedure 369.314Powers and duties of board 369.324Examination costs, how paid — pro rata assessment, director to determine — division of savings and loan supervision fund, created, uses, transfers to general revenue fund, when 369.329Branch offices and agencies, approval required, exceptions — application for approval, contents — approval, when — hearing, procedures 369.334Reports may be required — examiners to have access to records 369.338Cease and desist orders, period of supervision, when, procedure, duties of association — costs, how fixed and paid 369.339Director to take over association, when — procedure 369.344Powers of director during take-over of association 369.349Liquidation by director, procedure 369.354Federal Deposit Insurance Corporation may act as receiver or liquidator without bond 369.359Foreign association doing business in state must comply with regulation by division of finance 369.361Foreign associations adjoining states and principal business outside state, requirements to do business — principal business, how determined — control, defined 369.364Federal associations may have same powers as state associations 369.367Other provisions of law, applicable, when 369.369Penalty for false statement or certificate 369.371Costs of reproducing records — costs of appearing in court or deposition — limitation of liability 369.670Definitions 369.675Savings bank, establishment — articles of agreement, requirements 369.678Articles of agreement, requirements, filing, director's duties — recording of articles, where 369.684Examination required, expenses 369.689Certificate of organization, recorded 369.695Powers of savings bank — taxed, how 369.699Limits on investment 369.703Merger — conversion — trust powers — director's powers 369.705Definitions — savings banks merger with nonbank subsidiaries or nonbank affiliates — procedure 369.708Law to apply 369.714Conversion, consolidation, merger