reglab/housing_qa huggingface dataset:
MO Rev Stat § 370.190 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.190 - Directors to elect officers — duties established by board or bylaws.

Effective - 28 Aug 2020, 2 histories   370.190. Directors to elect officers — duties established by board or bylaws. — 1. At its first meeting following the annual membership meeting, the board of directors shall elect from their own number a chair of the board of directors, a vice chair, a secretary and a treasurer; and further shall designate such administrative officers as the bylaws may provide. If the bylaws so provide, the offices of secretary and treasurer may be held by the same person.  2. The duties of the officers shall be prescribed by the board of directors unless otherwise specified in the bylaws. ­­-------- (RSMo 1939 § 5529, A.L. 1982 H.B. 1099, A.L. 1994 H.B. 1312, A.L. 2020 S.B. 599)  Prior revision: 1929 § 5087
MO Rev Stat § 370.200 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.200 - Duties of board — telephone or electronic participation at meetings.

Effective - 28 Aug 2020, 2 histories   370.200. Duties of board — telephone or electronic participation at meetings. — 1. The board of directors shall have the general management of the affairs, funds, and records of the corporation, and unless they shall be specifically reserved to the members or delegated to the president or operating manager, it shall be the special duty of the directors:  (1) To act upon applications for membership in the credit union;  (2) To determine, from time to time, rates of interest which shall be charged on loans;  (3) To fix the maximum number of shares which may be held by and the maximum amount, both secured and unsecured, which may be loaned to any one member, such limitations to apply alike to all members; and  (4) To have charge of the investment of funds of the credit union, other than loans to members, and to perform such other duties as the members may, from time to time, authorize.  2. Additionally, the board shall have the duty to:  (1) Authorize the employment and compensation of the chief executive officer;  (2) Approve an annual operating budget for the credit union;  (3) Declare dividends on regular shares;  (4) Accept and act upon resignations and determine and fill vacancies on the board of directors, credit committee, and, if the bylaws so provide, the supervisory committee until the election or appointment of qualified successors;  (5) Amend the bylaws except for those provisions in other sections of this chapter specifically reserved for membership action; and  (6) Consider an appeal of a person denied membership by the credit union.  3. Unless specifically prohibited by the bylaws, directors may participate in and act at any meeting of the board through the use of a telephone or other electronic means. Participation in the meeting in this manner shall constitute attendance. ­­-------- (RSMo 1939 § 5529, A.L. 1969 H.B. 117, A.L. 1972 S.B. 502, A.L. 1984 H.B. 962, A.L. 1988 H.B. 1097, A.L. 2020 S.B. 599)  Prior revision: 1929 § 5087
MO Rev Stat § 370.210 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.210 - Compensation not allowed for board of directors — approval of other salaries required.

Effective - 28 Aug 1982   370.210. Compensation not allowed for board of directors — approval of other salaries required. — 1. No member of the board of directors or of the credit or supervisory committees shall receive any compensation for his services as a member of the board or committee.  2. No salary shall be paid any officer or other employee of a credit union except such as may have been duly approved by the board of directors. ­­-------- (RSMo 1939 § 5529, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099)  Prior revision: 1929 § 5087
MO Rev Stat § 370.220 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.220 - Duties of credit committee — credit manager authorized, delegation of loan authority — appeal from decision — extension of credit, when.

Effective - 28 Aug 2020, 2 histories   370.220. Duties of credit committee — credit manager authorized, delegation of loan authority — appeal from decision — extension of credit, when. — 1. The credit committee or, if authorized, credit manager shall follow the bylaws, policies, and procedures established by the board of directors regarding loans and advances.  2. The applicant shall state the purpose for which the loan is desired and the security, if any, offered.  3. Security must be taken for any loan in excess of the limit set by written policy of the board of directors. Endorsement of a note or assignment of shares in any credit union shall be deemed security within the meaning of this section.  4. No loan shall be made unless it has received the majority approval of the members of the committee present when the loan was considered, which number shall constitute at least a majority of the committee. However, in the case of any credit union having total assets in excess of one hundred thousand dollars, the board of directors may appoint a credit manager. The credit manager may be delegated authority to act on all or some applications for loans, reporting monthly thereon to the credit committee or board of directors, as the case may be.  5. An applicant for a loan may appeal to the directors from the decision of the credit committee or credit manager, if it is so provided in the bylaws, and in the way and manner therein provided.  6. The credit committee or, when authorized, a credit manager may approve in advance, upon its or his or her own motion or upon application by a member, an extension of credit, and loans may be granted to such members within the limits of such extensions of credit. When an extension of credit has been approved, applications for loans need no further consideration as long as the aggregate obligation does not exceed the limits of such extension of credit. The credit committee or, when authorized, the credit manager shall, at least once a year, review, or cause to be reviewed, all extensions of credit and any extension of credit shall expire if the member becomes more than ninety days delinquent in his or her obligation to the credit union. ­­-------- (RSMo 1939 § 5530, A.L. 1941 p. 331, A.L. 1945 p. 689, A.L. 1951 p. 287, A.L. 1955 p. 259, A.L. 1965 p. 568, A.L. 1969 H.B. 117, A.L. 1977 H.B. 48, A.L. 1978 S.B. 746, A.L. 1982 H.B. 1099, A.L. 1984 H.B. 962, A.L. 1986 H.B. 1193, A.L. 1994 H.B. 1312, A.L. 2020 S.B. 599)  Prior revision: 1929 § 5088
MO Rev Stat § 370.230 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.230 - Powers and duties of supervisory committee.

Effective - 28 Aug 2020, 3 histories   370.230. Powers and duties of supervisory committee. — 1. The supervisory committee shall make, or cause to be made, an examination of the affairs of the credit union, at least annually, including its books and accounts, and shall make, or cause to be made, a verification of members' share and loan accounts in the same manner and with the same frequency as required by federal law for federal credit unions, and shall review the acts of the board of directors, credit committee and officers, any or all of whom the supervisory committee may suspend at any time by a majority vote.  2. Within seven days after such suspension, the supervisory committee shall cause notice to be given the members of a special meeting to take action on such suspension, the call for the meeting to indicate clearly its purpose.  3. By a majority vote the committee may call a meeting of the members to consider any violation of this chapter or of the bylaws, or any practice of the credit union which, in the opinion of said committee, is unsafe and unauthorized.  4. During the fiscal year, the supervisory committee shall make or cause to be made a thorough audit of the receipts, disbursements, income, assets, and liabilities of the credit union, and shall make a full report on such audit to the directors. In the event that a credit union has over one million dollars in assets, an independent audit shall be required in lieu of the audit by the supervisory committee, and a report on such audit shall be read at the annual meeting and shall be filed and preserved with the records of the credit union.  5. If the credit union bylaws so provide, the supervisory committee shall elect a chair from their own number.  6. The supervisory committee shall fill vacancies in their own number until the next annual meeting or, if the bylaws so provide, vacancies may be filled by appointment by the board of directors. ­­-------- (RSMo 1939 § 5531, A.L. 1955 p. 259, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099, A.L. 1984 H.B. 962, A.L. 1986 H.B. 1193, A.L. 1988 H.B. 1097, A.L. 2016 H.B. 1721 merged with S.B. 932, A.L. 2020 S.B. 599)  Prior revision: 1929 § 5089
MO Rev Stat § 370.235 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.235 - Employees handling funds of credit union to give surety bond.

Effective - 28 Aug 2020, 2 histories   370.235. Employees handling funds of credit union to give surety bond. — As a condition precedent to qualification or entry upon the discharge of his or her duties, every person appointed or elected to any position requiring the receipt, payment of money or other personal property owned by a credit union or in its custody or control as collateral or otherwise, shall give a bond with some surety company, licensed to do business in this state, as surety thereon in such reasonably adequate sum as the director shall require and approve. The term "reasonably adequate" as used herein, requires the director to have reasonable regard for the protection of the accounts and assets of the credit union. In lieu of individual bonds, the director may accept a schedule or blanket bond which covers all of the officers and employees of any credit union whose duties include the receipt, payment or custody of money or other personal property on behalf of the credit union. All bonds shall be in the form prescribed by the director. ­­-------- (L. 1959 S.B. 127, A.L. 2020 S.B. 599)
MO Rev Stat § 370.240 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.240 - Capital of credit unions.

Effective - 28 Aug 1945   370.240. Capital of credit unions. — The capital of a credit union shall consist of the outstanding share balances of the several members thereof. ­­-------- (RSMo 1939 § 5532, A.L. 1945 p. 689)  Prior revision: 1929 § 5090
MO Rev Stat § 370.250 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.250 - Lien on shares, share certificates, deposits, share draft and checking accounts — effect.

Effective - 28 Aug 1994   370.250. Lien on shares, share certificates, deposits, share draft and checking accounts — effect. — 1. A credit union shall have a lien on all shares, share certificates, deposits, deposit certificates, share draft and checking accounts of any member and on the dividends payable thereon, whether jointly or individually held, for, and to the extent of any obligation of the member to the credit union, including, but not limited to, any loan made to the member, any obligation of the member to the credit union as a comaker, cosigner, guarantor or endorser, or any fee, charge, dues or fine, of any kind payable by the member to the credit union.  2. Any lien created pursuant to subsection 1 of this section shall be:  (1) A right of the credit union separate from and in addition to any lien, pledge, security interest or right of set-off the credit union may have created with the member by agreement or otherwise;  (2) Deemed a perfected lien for all shares on deposit at the credit union and the credit union may allow the member to withdraw shares without waiving its lien on any remaining shares.  3. Any share on which a credit union has a lien shall not be subject to garnishment, or other legal process by a creditor. ­­-------- (RSMo 1939 § 5532, A.L. 1945 p. 689, A.L. 1994 H.B. 1312)  Prior revision: 1929 § 5090
MO Rev Stat § 370.260 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.260 - Cancellation of shares — member to keep credit union informed of current address.

Effective - 28 Aug 2020, 2 histories   370.260. Cancellation of shares — member to keep credit union informed of current address. — 1. A credit union may, upon the resignation or expulsion of a member, cancel the shares of such member and apply the withdrawal value of such shares toward the liquidation of the member's indebtedness.  2. Each member shall keep the credit union informed about his or her current address. In the event a member fails to do this, a quarterly charge may be made to the member's share account. ­­-------- (RSMo 1939 § 5532, A.L. 1945 p. 689, A.L. 1972 S.B. 502, A.L. 2020 S.B. 599)  Prior revision: 1929 § 5090
MO Rev Stat § 370.275 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.275 - Trust accounts, requirements — beneficiaries' rights — payment a discharge of liability, when — death of trust account owner, procedure.

Effective - 28 Aug 2020, 2 histories   370.275. Trust accounts, requirements — beneficiaries' rights — payment a discharge of liability, when — death of trust account owner, procedure. — Shares, share certificates, deposits and deposit certificates may be held in the name of a member in trust for a beneficiary, in the name of a nonmember in trust for a beneficiary who is a member or in the name of a trustee of a trust of which a member is grantor, trustee or beneficiary. Beneficiaries may be a minor or minors. No beneficiary, trustee or grantor of a trust, unless a member in his or her own right, shall be permitted to vote, obtain loans, or hold office. Payment of part or all of such a trust account to the party in whose name the account is held shall, to the extent of such payment, discharge the liability of the credit union to that party and to the beneficiary, and the credit union shall be under no obligation to see to the application of such payment. In the event of death of the party in whose name a trust account is held, and if the credit union has been given no other written notice of the existence or terms of any trust, account funds and any dividends or interest thereon shall be paid to the beneficiary. ­­-------- (L. 1984 H.B. 962, A.L. 1994 H.B. 1312, A.L. 2020 S.B. 599)
MO Rev Stat § 370.283 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.283 - Minors may hold or release shares — subject to lien.

Effective - 28 Aug 2013   370.283. Minors may hold or release shares — subject to lien. — 1. When shares are issued in the name of any minor, the same shall be held for the exclusive right and benefit of the minor, and free from the control or lien of all other persons, except creditors, and shall be paid, together with dividends thereon, to the person in whose name the shares shall have been issued, and the receipt or acquittance of the minor shall be a valid and sufficient release and discharge to the credit union for the share or any part thereof. To the shares issued in joint tenancy in the name of any minor, all provisions of section 370.287 shall apply.  2. The credit union may require that the minor's parent, guardian, or other person responsible for the minor be a joint owner of the minor's account.  3. Shares on deposit held in the name of a minor are subject to the credit union's lien under section 370.250 and any consensual lien on pledge of shares, which may not be avoided due to the minor's status. The credit union may pay funds to a conservator appointed under section 475.045 and thereby discharge its liability to the minor for the shares. Accounts opened under the Missouri transfers* to minors law, sections 404.005 to 404.094, shall be governed by that law. ­­-------- (L. 1959 S.B. 127 § 370.282, A.L. 2013 H.B. 478)  *Word "Transfer" appears in original rolls.
MO Rev Stat § 370.285 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.285 - Retirement accounts and pension funds, authority to serve as trustee.

Effective - 28 Aug 1984   370.285. Retirement accounts and pension funds, authority to serve as trustee. — 1. A credit union may act as trustee or custodian of individual retirement accounts authorized by federal or state law, pension funds of self-employed individuals or of a company or organization sponsoring the credit union, or other similar retirement or pension plans.  2. A credit union may act as trustee or custodian under pension and profit sharing plans. ­­-------- (L. 1984 H.B. 962)
MO Rev Stat § 370.288 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.288 - Refusal to make payment from account, when, requirements — immunity from liability, when.

Effective - 28 Aug 2020   370.288. Refusal to make payment from account, when, requirements — immunity from liability, when. — 1. A credit union may refuse to make a payment from an account to a depositor, a shareholder, any trust or payable-on-death account beneficiary, or any other person claiming an interest in the account if the credit union:  (1) Is uncertain under the agreement governing the account of who is entitled to receive the payment; or  (2) Has actual knowledge of a dispute between any depositors, shareholders, beneficiaries with present vested rights in the account, or other persons concerning ownership of the moneys in the account, the proposed withdrawal, or any previous withdrawals from the account.  2. If a credit union refuses to make a payment under subsection 1 of this section, the credit union:  (1) Shall notify, in writing, all depositors, shareholders, beneficiaries with present vested rights in the account, and other persons claiming an interest in the account of the basis for the credit union's refusal; and  (2) May refuse to make the payment until all interested parties consent in writing to the requested payment or a court with proper jurisdiction orders the credit union to make the payment.  3. The credit union shall not be liable for damages as a result of an action taken under this section. ­­-------- (L. 2020 S.B. 599)
MO Rev Stat § 370.290 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.290 - Power to borrow money from any source.

Effective - 28 Aug 1951   370.290. Power to borrow money from any source. — A credit union shall have the power to borrow from any source, but the total of such borrowing shall at no time exceed fifty percent of the capital, surplus and reserve fund of the borrowing credit union. ­­-------- (RSMo 1939 § 5535, A.L. 1951 p. 288)  Prior revision: 1929 § 5093
MO Rev Stat § 370.300 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.300 - Loans, interest rate — charges — refunds to members.

Effective - 01 Mar 2011, 2 histories   370.300. Loans, interest rate — charges — refunds to members. — 1. A credit union may lend to its members at reasonable rates of interest, which shall not exceed the maximum rate in similar classes allowed all other lenders under the laws of this state; however, a minimum interest charge not exceeding one dollar per month shall be allowable in all cases.  2. A credit union may charge a borrower expenses of making a loan including title examinations on real estate as defined in section 442.010, used as security for a loan, credit investigations, credit life insurance, and filing and recording fees by governmental agencies.  3. The board may at the close of a dividend period allocate a portion of receipts from interest on loans for the purpose of making an interest refund to members. The refund when made shall be made in proportion to the interest paid by members during the dividend period. The board may deny a refund to a member whose loans have been delinquent during the period. The board may limit the refund to interest from specific classes of loans and make the interest refund to members whose loans are included in such classes. ­­-------- (RSMo 1939 § 5534, A.L. 1941 p. 331, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099, A.L. 2010 S.B. 630)  Prior revision: 1929 § 5092  Effective 3-01-11  CROSS REFERENCE:  Uniform interest rates required, Const. Art. III § 44
MO Rev Stat § 370.310 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.310 - Limitations on loans — loans to directors and committee members, report required.

Effective - 28 Aug 2020, 2 histories   370.310. Limitations on loans — loans to directors and committee members, report required. — 1. A credit union may lend to its members, as herein provided, for such purposes and upon such security as the bylaws provide and the credit committee or credit manager shall approve, provided that no secured or unsecured loan shall be made in excess of two thousand dollars, except that if ten percent of the assets of the credit union exceeds two thousand dollars then the maximum amount of a loan by the credit union shall be ten percent of its assets, and unsecured loans to any one member shall not exceed the limitations found in current written policies of the board of directors.  2. All loans to directors, credit and supervisory committee members of the credit union shall comply with all the requirements in this chapter and the credit union bylaws with respect to loans to other members and may not be on terms more favorable than those of loans extended to other member-borrowers and such loans shall also be reported at the next regularly scheduled meeting of the board of directors; and further, all such loans shall be reported to the director of the division of credit unions annually. ­­-------- (RSMo 1939 § 5536, A.L. 1945 p. 689, A.L. 1951 p. 287, A.L. 1965 p. 568, A.L. 1969 H.B. 117, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099, A.L. 1986 H.B. 1193, A.L. 1988 H.B. 1097, A.L. 1991 H.B. 180, A.L. 1994 H.B. 1312, A.L. 2011 S.B. 306, A.L. 2020 S.B. 599)  Prior revision: 1929 § 5094
MO Rev Stat § 370.320 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.320 - Reserve fund required.

Effective - 28 Aug 2011   370.320. Reserve fund required. — All credit unions shall establish and maintain reserves sufficient to qualify for and maintain federal share insurance and meet any requirements concerning minimum reserves established by the director of the credit unions by regulation. ­­-------- (RSMo 1939 § 5537, A.L. 1945 p. 689, A.L. 1967 p. 509, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099, A.L. 1984 H.B. 962, A.L. 2011 S.B. 306)  Prior revision: 1929 § 5095