reglab/housing_qa huggingface dataset:
MO Rev Stat § 362.035 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.035 - Certificate of incorporation — issuance — to be filed.

Effective - 28 Aug 2000   362.035. Certificate of incorporation — issuance — to be filed. — 1. In case the director shall find all the provisions of the law have been complied with and shall have satisfied himself or herself by such investigation as to the facts as above provided, he or she shall grant a certificate setting forth that such corporation has been duly organized and the amount of its capital subscribed and paid up in full. All certificates granted by the director shall designate the address and location in the city and town at which the corporation shall be authorized to conduct its business as its main banking house until such time as said address or location is changed after the approval of the director of finance has first been obtained.  2. A certified copy of such certificate shall be filed in the public records of the division of finance, and a copy of such certificate, so filed, or certified copies thereof, shall be taken in all the courts of this state as evidence of such incorporation; and the existence of such corporation shall continue for the period limited in its articles of agreement, if there fixed, and if not there fixed, then until the corporation is dissolved by consent of its stockholders or until its corporate existence ends pursuant to the laws of this state. ­­-------- (RSMo 1939 § 7942, A.L. 1941 p. 670, A. 1949 H.B. 2085, A.L. 1959 H.B. 389, A.L. 2000 S.B. 896)  Prior revisions: 1929 § 5347; 1919 § 11730; 1909 § 1095
MO Rev Stat § 362.040 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.040 - Notice of refusal of certificate — appeal.

Effective - 28 Aug 2011   362.040. Notice of refusal of certificate — appeal. — In case the director shall not be satisfied, as the result of the examination, that the character, responsibility and general fitness of the persons named in the articles of agreement are up to the standard above provided, or that the convenience and needs of the community to be served justify and warrant the opening of the new bank or trust company therein, or that the probable volume of business in such locality is sufficient to insure and maintain the solvency of the new bank and the solvency of the then existing banks or trust companies in the locality, without endangering the safety of any bank or trust company in the locality as a place of deposit of public and private moneys; and on these accounts or any one of them shall refuse to grant the certificate of incorporation, the director shall forthwith give notice thereof to the proposed incorporators from whom the articles of agreement were received, who, if they so desire, may within ten days thereafter appeal from the refusal to the state banking and savings and loan board. ­­-------- (RSMo 1939 § 7942, A.L. 1941 p. 670, A. 1949 H.B. 2085, A.L. 1955 p. 266, A.L. 1967 p. 445, A.L. 2011 H.B. 464)  Prior revisions: 1929 § 5347; 1919 § 11730; 1909 § 1095
MO Rev Stat § 362.046 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.046 - Bylaws, who may make, amend or repeal.

Effective - 28 Aug 1967   362.046. Bylaws, who may make, amend or repeal. — The power to make, alter, amend, or repeal the bylaws of the bank or trust company shall be vested in the board of directors, unless and to the extent that this power is reserved to the stockholders by the bylaws or the articles of incorporation. The bylaws may contain any provisions for the regulation and management of the affairs of the corporation not inconsistent with law or the articles of agreement. ­­-------- (L. 1967 p. 445)
MO Rev Stat § 362.050 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.050 - Cash capital required.

Effective - 28 Aug 1967   362.050. Cash capital required. — 1. The amount of cash capital required of such bank or trust company shall amount to not less than:  (1) Fifty thousand dollars if the place where its business is to be transacted is an unincorporated or incorporated village or town the population of which does not exceed five thousand inhabitants;  (2) Seventy-five thousand dollars if the place where its business is to be transacted is an unincorporated or incorporated town the population of which exceeds five thousand but does not exceed ten thousand inhabitants;  (3) One hundred fifty thousand dollars if the place where its business is to be transacted is a city or town the population of which exceeds ten thousand but does not exceed fifty thousand inhabitants;  (4) Three hundred thousand dollars if the place where its business is to be transacted is a city the population of which exceeds fifty thousand inhabitants.  2. Any bank or trust company now existing, the capital of which is not equal to that limitation required of a bank or trust company in its location, may continue to do business under its present capital, but until the capital and surplus fund of a bank, or a trust company with deposit liability, equals forty percent more than the minimum of capital required for a bank or trust company in its location, one-tenth of its net earnings for each dividend period as provided in section 362.315 shall be credited to the surplus fund, and no such bank or trust company shall declare, credit or pay any dividends for any dividend period to its stockholders until it has made such credit for that period to its surplus fund; and until the capital and surplus fund of any trust company not having deposit liability equals the minimum of capital required of a trust company in its location, one-tenth of its net earnings for each dividend period as provided in section 362.315 shall be credited to the surplus fund, and no such trust company shall declare, credit or pay any dividends until it has made the credit for that period to its surplus fund. ­­-------- (RSMo 1939 § 7944, A.L. 1955 p. 261, A.L. 1961 p. 143, A.L. 1967 p. 445)  Prior revisions: 1929 § 5348; 1919 § 11731; 1909 § 1096  (1976) Held, amounts set out are minimums and state banking board may require greater capitalization. Glasnapp v. State Banking Board (A.), 545 S.W.2d 382.
MO Rev Stat § 362.055 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.055 - Capital stock — par value.

Effective - 28 Aug 1967   362.055. Capital stock — par value. — The capital stock of such corporation shall be divided into shares having a par value. ­­-------- (RSMo 1939 § 7945, A.L. 1959 H.B. 144, A.L. 1963 p. 448, A.L. 1967 p. 445)  Prior revisions: 1929 § 5349; 1919 § 11732; 1909 § 1097
MO Rev Stat § 362.060 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.060 - Change of par value — notice of meeting — when change effective.

Effective - 28 Aug 2019, 2 histories   362.060. Change of par value — notice of meeting — when change effective. — 1. The par value of the shares of the corporation may be changed by the stockholders at either a special or annual meeting of the stockholders.  2. Notice of the proposed change shall be given as provided in section 362.044.  3. If the holders of a majority of the stock of the corporation at any meeting shall vote in favor of a resolution authorizing a change in the par value of its shares the resolution shall thereupon be adopted, and, upon the filing with the director of the resolution, certified by the secretary of the corporation to be a true and correct copy thereof adopted by the holders of a majority of the stock of the corporation at a meeting duly called and held in accordance with the provisions hereof, the change in par value of the shares shall thereupon become effective. ­­-------- (RSMo 1939 § 7945, A.L. 1967 p. 445, A.L. 2000 S.B. 896, A.L. 2019 S.B. 179)  Prior revisions: 1929 § 5349; 1919 § 11732; 1909 § 1097
MO Rev Stat § 362.063 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.063 - Power to close transfer books.

Effective - 28 Aug 1967   362.063. Power to close transfer books. — The board of directors may close the transfer books of any bank or trust company for a period not exceeding fifty days preceding the date of any meeting of stockholders or the date of payment of any dividend or the date for the allotment of rights or the date when any change or conversion or exchange of shares shall go into effect; provided, however, that in lieu of closing the stock transfer books as aforesaid, unless prohibited by the bylaws the board of directors may fix in advance a date, not exceeding fifty days preceding the date of any meeting of stockholders, or the date for the payment of any dividend, or the date for the allotment of rights, or the date when any change or conversion or exchange of shares shall go into effect, as a record date for the determination* of the stockholders entitled to notice of, and to vote at, any meeting, and any adjournment thereof, or entitled to receive payment of any dividend, or entitled to any allotment of rights, or entitled to exercise the rights in respect of any change, conversion or exchange of shares. In such cases such stockholders and only such stockholders as shall be stockholders of record on the date of closing the transfer books or on the record date so fixed shall be entitled to notice of, and to vote at, the meeting, and any adjournment thereof, or to receive payment of the dividend, or to receive the allotment of rights, or to exercise such rights, as the case may be, notwithstanding any transfer of any shares on the books of the corporation after the date of closing of the transfer books or the record date fixed as aforesaid. If the board of directors does not close the transfer books or set a record date of termination of the stockholders entitled to notice of, and to vote at, a meeting of stockholders, only the stockholders of record at the close of business on the twentieth day preceding the date of the meeting shall be entitled to notice of, and to vote at, the meeting, and any adjournment thereof; except that if prior to the meeting written waivers of notice of the meeting are signed and delivered to the corporation by all of the stockholders of record at the time the meeting is convened, only the stockholders of record at the time the meeting is convened shall be entitled to vote at the meeting, and any adjournment thereof. ­­-------- (L. 1967 p. 445)  *Word "termination" appears in original rolls.
MO Rev Stat § 362.067 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.067 - Stock option plan for officers and employees — increase in shares — consideration.

Effective - 28 Aug 1961   362.067. Stock option plan for officers and employees — increase in shares — consideration. — 1. Every bank or trust company incorporated under the laws of this state may, pursuant to this section, grant options to purchase, and issue and sell, shares of its capital stock to its employees or officers or a trustee in their behalf without first offering the shares to its shareholders and for a consideration which shall be not less than the higher of par value or ninety-five percent of the fair market value of the shares at the time the option is granted and upon the terms and conditions of a stock option plan approved by its board of directors and the holders of a majority of its shares entitled to vote at a meeting where the approval is sought.  2. In order to have shares of its capital stock available for issuance and sale pursuant to stock option plans approved hereunder, every bank and trust company may from time to time amend its articles of agreement to provide for authorized but unissued shares of its capital stock in an amount not to exceed ten percent of the authorized shares outstanding at the time of the amendment. The amendments shall be made as provided by law in the case of a capital increase which is to be paid in full before becoming effective. The authorized and unissued shares need not become issued and fully paid shares until the options to which the shares are subject have been exercised and they shall not become part of the capital stock of the particular bank or trust company except for the purpose hereof until they have been issued and paid for in cash. To the extent that authorized and unissued shares are not taken up under the stock option plan to which they are allocated they may be reallocated successively to other stock option plans.  3. In the absence of actual fraud in the transaction and within the limits of the particular stock option plan, the judgment of the board of directors and of any committee provided for in the stock option plan as to the consideration for the issuance of the options and the sufficiency thereof and as to the recipients of the options shall be conclusive. ­­-------- (L. 1961 p. 146 §§ 1, 2, 3)
MO Rev Stat § 362.070 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.070 - Compensation for organizing bank or trust company prohibited — penalty.

Effective - 28 Aug 1967   362.070. Compensation for organizing bank or trust company prohibited — penalty. — 1. No individual, partnership, unincorporated association or corporation shall, directly or indirectly, receive or contract to receive any commission, compensation, bonus, right or privilege of any kind for organizing any bank or trust company in this state, or for securing a subscription to the original capital stock or surplus of any bank or trust company in this state, or to any increase thereof; provided, that this section shall not be construed as prohibiting an attorney at law from receiving compensation for legal service in connection therewith.  2. Each and every individual, partnership, unincorporated association or corporation violating the provisions of this section shall forfeit to the state one hundred dollars for each and every violation, and in addition thereto double the amount of the commission, compensation or bonus. ­­-------- (RSMo 1939 § 7946, A.L. 1967 p. 445)  Prior revisions: 1929 § 5350; 1919 § 11733
MO Rev Stat § 362.073 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.073 - Certain stock transfers or voting control changes must be reported to director of finance.

Effective - 28 Aug 1967   362.073. Certain stock transfers or voting control changes must be reported to director of finance. — The president, or the officer to whom he delegates the responsibility, shall notify the director of finance not later than the business day next following the day on which any shares of the capital stock of the bank or trust company are transferred on the books of the corporation if the total holdings of the transferee, after but not before the transfer, amount to twenty-five percent or more of the capital stock of the corporation, or at any time there is a change in the voting control of the corporation by transfers from transferors previously having control thereof. The report shall show the names of the transferors and the transferees, the number of shares transferred, the total number of shares held by the transferor and the transferee before and after the transaction and the price paid for the shares, if the price be known. Failure to report any such transfer shall constitute a misdemeanor punishable by a fine of not less than one hundred dollars. Each day of delay in making the report shall constitute a separate offense. ­­-------- (L. 1967 p. 445)
MO Rev Stat § 362.075 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.075 - Issuance and sale of preferred stock shares — subject to director's approval.

Effective - 28 Aug 1967   362.075. Issuance and sale of preferred stock shares — subject to director's approval. — Notwithstanding any other provision of the laws of this state governing the organization, incorporation, management, and control of corporations, and more particularly the organization, incorporation, management, and control of banks, trust companies doing a banking business and other financial institutions organized, incorporated, and existing under the laws of this state and subject to the jurisdiction of, and controlled by, the finance director of the state of Missouri, the corporation may, with the consent of a majority of its stockholders, issue and sell its shares of preferred stock, of one or more classes, subject to the provisions of sections 362.075 to 362.100 and the approval of the finance director of the state of Missouri. Whenever the term "corporation" is used in sections 362.075 to 362.100, it shall be held to mean any bank or trust company doing a banking business in the state of Missouri. ­­-------- (RSMo 1939 § 8008, A.L. 1961 p. 463, A.L. 1967 p. 445)
MO Rev Stat § 362.077 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.077 - Certain bank holding companies may not charter de novo bank or national bank, exceptions — purpose of law — severability clause.

Effective - 13 Jul 1999   362.077. Certain bank holding companies may not charter de novo bank or national bank, exceptions — purpose of law — severability clause. — 1. Notwithstanding any provisions of law to the contrary, a bank holding company all of whose bank subsidiaries' operations were conducted in a state or states other than the state of Missouri as of January 1, 1995, may not charter de novo a bank or trust company under Missouri law or a national bank located in Missouri, and such bank holding company may not acquire any such bank or trust company or a national bank located in Missouri that has been in continuous existence for less than five years. Such limitation in the preceding sentence on such acquisition of a bank or trust company shall not apply to the creation and acquisition of an interim bank charter created to facilitate the acquisition of an existing bank or trust company through a merger, provided such existing bank or trust company meets the requirements of the preceding sentence, and provided such acquisition by merger is completed in two years. Such limitation shall also not apply to the relocation to Missouri of the main office of a bank chartered under the law of another state, or a national bank located in another state by the creation and acquisition of an interim bank charter, provided that either category of bank, prior to January 1, 1997, had its main office in Missouri and moved such office to a contiguous state, with a branch remaining in Missouri.  2. Any state bank, trust company or national bank, already in existence in another state, which is relocated to Missouri de novo shall calculate the age of its bank charter for Missouri purposes as of the date such charter is moved to Missouri, and may not engage in an interstate acquisition or merger with the result that such charter is merged or relocated to another state with Missouri branches of such charter remaining in Missouri, until such bank or trust company's charter is at least five years old.  3. The provisions of this section are enacted to implement a state option permitting bank charter age requirements under the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, Public Law 103-328 and to clarify such age requirements.  4. The provisions of this section are severable. In the event that a court of competent jurisdiction shall enter a decision finding any provision of this section unconstitutional or otherwise invalid and if such decision remains in force after all appeals therefrom have been exhausted, all remaining provisions of this section shall remain in full force and effect notwithstanding such decision and such decision shall not be given retroactive effect by any court. ­­-------- (L. 1995 H.B. 63, et al., A.L. 1997 H.B. 257, A.L. 1999 S.B. 386)  Effective 7-13-99
MO Rev Stat § 362.078 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.078 - Industrial loan companies and banks prohibited from maintaining facilities for banking purposes, definitions.

Effective - 28 Aug 2006   362.078. Industrial loan companies and banks prohibited from maintaining facilities for banking purposes, definitions. — Notwithstanding any other provision of law to the contrary, an industrial loan company or industrial bank is prohibited from establishing or maintaining any deposit production office, loan production office, or one or more bank branches for the purpose of conducting any banking business within this state, whether by de novo charter, branching, or merger with another institution. As used in this section, the terms "industrial loan company" and "industrial bank" include any company chartered under the laws of any state that:  (1) Is insured or regulated by the Federal Deposit Insurance Corporation;  (2) Engages in one or more banking activities; and  (3) Is owned, directly or indirectly, by a commercial entity that is not a bank holding company or a financial holding company subject to regulation under the Federal Bank Holding Company Act of 1956. ­­-------- (L. 2006 S.B. 892)
MO Rev Stat § 362.080 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.080 - Stockholders may authorize issuance and sale, when — manner.

Effective - 28 Aug 1967   362.080. Stockholders may authorize issuance and sale, when — manner. — The issuance and sale of its shares of preferred stock by any corporation to which sections 362.075 to 362.100 apply may be authorized at any annual meeting of its stockholders, or at any special meeting thereof called and held for that purpose. Notice of * the meeting shall be given as provided in section 362.044. The preferred shares so issued may be issued as part of the existing capital of the issuing corporation, or as an increase of its capital. ­­-------- (RSMo 1939 § 8009, A.L. 1967 p. 445)  *Word "any" appears here in original rolls.
MO Rev Stat § 362.085 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.085 - Banks or trust companies may provide for issuance and sale in articles of incorporation.

Effective - 28 Aug 1939   362.085. Banks or trust companies may provide for issuance and sale in articles of incorporation. — Any bank, trust company, or other financial institution hereafter organized and incorporated under the laws of the state of Missouri for the purpose of doing a banking business, subject to the control and supervision by the finance director of the state of Missouri, may in its articles of agreement for incorporation provide for the issuance and sale of its shares of preferred stock, subject to the provisions of sections 362.075 to 362.100. ­­-------- (RSMo 1939 § 8010)