reglab/housing_qa huggingface dataset:
MO Rev Stat § 362.090 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.090 - Par value of preferred stock issued and offered for sale.

Effective - 28 Aug 1939   362.090. Par value of preferred stock issued and offered for sale. — No shares of preferred stock having a par value of less than twenty dollars nor more than one hundred dollars shall be issued by any corporation to which sections 362.075 to 362.100 apply; and no such shares shall be sold under authority of this law for less than one hundred cents on the dollar of the par value thereof net to the issuing corporation; and no such shares shall be valid until one hundred percent of the par value thereof in lawful money of the United States has been paid into the treasury of the issuing corporation. ­­-------- (RSMo 1939 § 8011)
MO Rev Stat § 362.095 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.095 - Charter shall set forth terms and conditions governing call, redemption and retirement of shares.

Effective - 28 Aug 1939   362.095. Charter shall set forth terms and conditions governing call, redemption and retirement of shares. — The preferences and priorities, and the terms and conditions governing the call, redemption, and retirement, of each class of the preferred shares issued by any corporation under authority of sections 362.075 to 362.100 shall be clearly set forth in the amendment to its charter authorizing the issuance and sale of such preferred shares, in the case of all such corporations organized and existing prior to the effective date of said sections and in the articles of agreement for the incorporation of all such corporations hereafter organized and incorporated, all of which shall be approved by the finance director of the state of Missouri. ­­-------- (RSMo 1939 § 8012)
MO Rev Stat § 362.100 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.100 - Penalty.

Effective - 28 Aug 1967   362.100. Penalty. — Any person who shall, contrary to any of the provisions of law, knowingly aid, abet or participate directly or indirectly in issuing or selling or causing to be issued or sold any share or shares of stock in any bank or trust company shall be deemed guilty of a felony and upon conviction thereof shall be punished by imprisonment by the department of corrections and human resources for a term not exceeding five years or by confinement in the county jail for a term not exceeding six months or by a fine of not more than ten thousand dollars, or by both such fine and confinement. ­­-------- (RSMo 1939 § 8013, A.L. 1967 p. 445)
MO Rev Stat § 362.109 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.109 - Restrictions on orders and ordinances of political subdivisions.

Effective - 28 Aug 2008   362.109. Restrictions on orders and ordinances of political subdivisions. — Notwithstanding any law to the contrary, any order or ordinance by any political subdivision shall be consistent with and not more restrictive than state law and regulations governing lending or deposit-taking entities regulated by the division of finance or the division of credit unions. ­­-------- (L. 2001 H.B. 738 merged with S.B. 186, A.L. 2008 S.B. 788)
MO Rev Stat § 362.110 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.110 - Federal Deposit Insurance Corporation subrogated to depositors' rights in closed state banks or trust companies.

Effective - 28 Aug 1967   362.110. Federal Deposit Insurance Corporation subrogated to depositors' rights in closed state banks or trust companies. — In order that banks and trust companies doing a banking business, organized under the laws of the state of Missouri and the depositors thereof may have the same opportunity and enjoy the benefits of the act of Congress known as "The Banking Act of 1933" in relation to the insurance of deposits and all amendments thereto, as national banks, the Federal Deposit Insurance Corporation shall, with like force and effect as if the closed bank or trust company were a national bank, be subrogated to all the rights against a closed bank or trust company of the owners of insured deposits therein and shall be entitled to receive such dividends from the proceeds of the assets of such closed bank or trust company as would have been payable to the depositors, until the dividends shall equal the insured deposit liability to the depositor; and the Federal Deposit Insurance Corporation may, if it shall deem it expedient or necessary so to do, present and procure the allowance of the claim or claims of any insured depositor or depositors, or may require insured depositors to make due proof of their claims or to assign their claims to the Federal Deposit Insurance Corporation, or to do any other act which may be deemed necessary or expedient to enable the Federal Deposit Insurance Corporation to fully avail itself of the above right to subrogation. ­­-------- (RSMo 1939 § 7949, A. 1949 H.B. 2085, A.L. 1967 p. 445)  Prior revisions: 1929 § 5354; 1919 § 11737
MO Rev Stat § 362.111 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.111 - Fees and service charges permitted, when, conditions.

Effective - 28 Aug 2017, 3 histories   362.111. Fees and service charges permitted, when, conditions. — 1. A bank or trust company may impose fees or service charges on deposit accounts; however, such fees or service charges are subject to such conditions or requirements that may be fixed by regulations pursuant to section 361.105 by the director of the division of finance and the state banking and savings and loan board. Notwithstanding any law to the contrary, no such condition or requirement shall be more restrictive than the fees or service charges on deposit accounts or similar accounts permitted any federally chartered depository institution and no contractual fee charged for overdrawing the balance of a deposit account shall be deemed interest.  2. A bank may impose a convenience fee for payments using an alternative payment channel that accepts a debit or credit card not present transaction, nonface-to-face payment, provided that:  (1) The person making the payment is notified of the convenience fee; and  (2) The fee is fixed or flat, except that the fee may vary based upon method of payment used.  3. An agreement to operate or share an automated teller machine shall not prohibit an owner or operator of the automated teller machine from imposing, on an individual who conducts a transaction using a foreign account, an access fee or surcharge that is not otherwise prohibited under federal or state law.  4. As used in this section, the following terms mean:  (1) "Automated teller machine", any electronic device, wherever located, through which a consumer may initiate an electronic funds transfer or may order, instruct, or authorize a financial institution to debit or credit an account and includes any machine or device which may be used to carry out electronic banking business. "Automated teller machine" does not include point of sale terminals or telephones or personal computers operated by a consumer;  (2) "Foreign account", an account with a financial institution located outside the United States. ­­-------- (L. 2003 H.B. 221 merged with S.B. 346, A.L. 2011 H.B. 83 merged with H.B. 464, A.L. 2015 S.B. 524, A.L. 2017 H.B. 292)
MO Rev Stat § 362.112 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.112 - Bank or trust company may act as custodian, when.

Effective - 28 Aug 2004   362.112. Bank or trust company may act as custodian, when. — In addition to any other banking authority, a bank or trust company may act as a custodian for any entity, public or private, and place funds in any other financial institutions, provided such funds are placed in deposits and insured by the Federal Deposit Insurance Corporation. ­­-------- (L. 2004 S.B. 1093)
MO Rev Stat § 362.116 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.116 - Trust accounts, originated by one bank or trust company, administration by another — requirements.

Effective - 28 Aug 2000   362.116. Trust accounts, originated by one bank or trust company, administration by another — requirements. — 1. Any bank or trust company may, with the approval of the director of the division of finance, originate trust accounts which will be administered, pursuant to contract, by a bank or trust company having full fiduciary powers and located in this state. The bank or trust company originating such accounts shall be known as the originating trustee and the institution with which it contracts shall be referred to as the contracting trustee.  2. The application for authority to act as originating trustee shall designate the contracting trustee and shall be accompanied by a certified copy of the contract between the originating and contracting trustees.  3. The director of the division of finance shall approve any application by a bank or trust company seeking to act as originating trustee if he or she determines that the nature of the supervision to be given to the fiduciary activities, and the circumstances under which the agency relationship shall be terminated warrant belief that the customers will be protected. He or she shall issue a certificate approving the application and one certified copy shall be filed in the public records of the division of finance with the original certificate sent to the bank or trust company.  4. The originating trustee shall function as an agent of the contracting trustee, and such relationship shall be disclosed to the customers. The originating trustee may provide the administrative, advertising and safekeeping services incident to the trust business but the contracting trustee shall perform any and all fiduciary services in connection with trust relationships accepted under this section.  5. The contracting trustee shall assume any and all fiduciary liability the originating trustee may have or incur with no right of contribution or recovery from the originating trustee, except for liability resulting from negligence in the performance of duties actually performed by the originating trustee.  6. Any trust or estate administered under this section shall be subject to the provisions of sections 362.550 and 362.580. ­­-------- (L. 1983 S.B. 331 § 362.116, subsecs. 1 to 6, A.L. 1984 H.B. 1141, A.L. 2000 S.B. 896)
MO Rev Stat § 362.117 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.117 - State bank may become trust company — procedure.

Effective - 28 Aug 2002   362.117. State bank may become trust company — procedure. — 1. Any bank may become a trust company with all the powers and subject to all the obligations and duties of trust companies organized under the provisions of this chapter.  2. A bank desiring to become a trust company shall proceed in the following manner:  (1) It shall call a meeting of its stockholders and shall give notice thereof as provided in section 362.044;  (2) At the meeting so called the stockholders of the bank may, by a vote of at least two-thirds of the entire capital stock issued, outstanding and entitled to vote, direct that the bank shall be transformed into a trust company. In the event that such action is taken by the prescribed vote, a resolution may be adopted fixing a future date certain upon which the state bank shall be transformed into a trust company and directing not less than five nor more than thirty of the stockholders of the bank, who shall be designated by name in the resolution, to proceed with the organization of the trust company;  (3) The designated stockholders shall proceed in all respects as is provided by law for other individuals in incorporating a trust company, except that the articles of agreement may provide that instead of the capital stock being paid up in lawful money the same may be paid up by an assignment of the assets of the state bank about to dissolve, the assignment to take effect at the aforesaid future date certain, and the director may allow the assignment to be accepted instead of cash, if the incorporators shall have certified in the articles of agreement that the net value of the assigned assets is equal to at least the full amount of the stock of the proposed trust company, and the director, as the result of an examination by himself, his deputies or his examiners, is satisfied that the assets are of such value, and except further that the stockholders may request in the resolution referred to in subdivision (2) of this subsection that the new charter contain the original incorporation date for such state bank to be dissolved and the director shall grant such request to be included in the new trust company public charter to be issued. ­­-------- (L. 1967 p. 445, A.L. 1989 H.B. 378, A.L. 1989 1st Ex. Sess. H.B. 4, A.L. 2002 S.B. 895)  (Source: RSMo 1959 § 363.140)
MO Rev Stat § 362.118 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.118 - Trust company may become state bank — procedure.

Effective - 02 Jan 1979   362.118. Trust company may become state bank — procedure. — 1. Any trust company may become a state bank with all the powers and subject to all the obligations and duties of state banks organized under the provisions of this chapter.  2. A trust company desiring to become a state bank shall proceed in the following manner:  (1) It shall call a meeting of its stockholders and shall give notice thereof as provided in section 362.044.  (2) At the meeting so called the stockholders of the trust company may by a vote of at least two-thirds of its entire capital stock issued, outstanding and entitled to vote, direct that the trust company shall be transformed into a state bank. In the event that such action is taken by the prescribed vote, a resolution shall be adopted fixing a future date certain upon which the trust company shall be transformed into a state bank and directing that not less than five, and not more than thirty, of the stockholders of the trust company, who shall be designated by name in the resolution, proceed with the organization of the state bank.  (3) The designated stockholders shall proceed in all respects as provided by law for other individuals in incorporating state banks, except that the articles of agreement may provide that instead of the capital stock being paid up in lawful money the same may be paid up by an assignment of so much of the assets of the trust company about to dissolve as may be necessary to pay up the capital stock of the state bank, the assignment to take effect on the aforesaid future date certain, and the director may allow the assignment to be accepted instead of cash, if the incorporators shall have certified in the articles of agreement that the net value of the assigned assets is equal to at least the full amount of the capital stock of the proposed state bank, and the director, as the result of an examination by himself, his deputies, or his examiners, is satisfied that the assets are of such value.  (4) No such trust company shall be permitted to become a state bank unless it shall, on or prior to the future date certain named in the above mentioned resolution, have caused a successor trustee, or successor trustees, to be appointed by the circuit court having jurisdiction, and shall have made settlement with the successor trustee, or successor trustees, and the settlement has been approved by the circuit court in all trust matters which by the nature thereof may be turned over to the successor trustee, or successor trustees, and shall have given such security, or made such provision, for discharging all liabilities including all contingent and undisclosed liabilities, if any, of the trust company, as may be required by the state director of finance. ­­-------- (L. 1967 p. 445, A.L. 1978 H.B. 1634)  (Source: RSMo 1959 § 363.530)  Effective 1-02-79
MO Rev Stat § 362.119 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.119 - Investment in trust companies by bank, limitations — definitions.

Effective - 28 Aug 2001   362.119. Investment in trust companies by bank, limitations — definitions. — Any bank organized pursuant to the laws of this state may invest not to exceed five percent of its capital, surplus and undivided profits in shares of stock in any new or existing trust company or companies or any new or existing holding company or companies controlling a trust company or companies, provided that such holding company is either a bank holding company or is a holding company with the sole purpose of owning a trust company, if the direct or indirect ownership of a majority of such stock or class of stock in such entity or entities is restricted to banks authorized to do business in the state of Missouri. For purposes of this section, the term "ownership of a majority of such stock or class of stock" does not mean or infer that such owner or owners have a controlling interest or voting interest in such trust company or companies, and the term "entity" means a trust company, bank holding company or a holding company that is not a bank holding company but that has the sole purpose of owning a trust company. ­­-------- (L. 1983 S.B. 331 § 362.116, subsec. 7, A.L. 1996 S.B. 494, A.L. 2000 S.B. 896, A.L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 362.120 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.120 - Capital notes may be issued and sold by banks and trust companies.

Effective - 28 Aug 1939   362.120. Capital notes may be issued and sold by banks and trust companies. — 1. Any bank or trust company organized under the laws of this state may, through action of its board of directors and without requiring any action by stockholders, with the written consent of the finance director, issue and sell at not less than par its capital notes.  2. If, at the time of the issuance of such capital notes the capital of such bank or trust company is impaired, and there shall have been issued and sold capital notes of such bank or trust company in accordance with the provisions of sections 362.120 to 362.135, in an amount equal to or more than the impairment of the capital of such bank or trust company, as found by the director of finance, then the capital of such bank or trust company shall for all purposes be deemed to be restored and unimpaired.  3. Such capital notes may be sold for cash or, with the written consent and approval of the director of finance, for property and they shall be of a nature specified in, and conform to, the requirements of the several provisions of sections 362.120 to 362.135. ­­-------- (RSMo 1939 § 7906)  Prior revision: 1929 § 5312
MO Rev Stat § 362.130 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.130 - Extension of time for retirement of capital notes.

Effective - 28 Aug 1939   362.130. Extension of time for retirement of capital notes. — In any case where such capital notes to be issued as provided under the provisions of sections 362.120 to 362.135 are made retirable in a period less than twenty years after their authorization, the bank or trust company issuing such capital notes may, by a provision inserted therein to the effect, reserve the right from time to time to extend the time for the retirement of said capital notes and, in such event, the bank or trust company so issuing said capital notes may, by vote of a majority of its board of directors, with the consent of the finance director, make such extension. ­­-------- (RSMo 1939 § 7908)  Prior revision: 1929 § 5314
MO Rev Stat § 362.135 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.135 - Liquidation of assets — funds held in trust.

Effective - 28 Aug 1939   362.135. Liquidation of assets — funds held in trust. — 1. Upon the assets of any bank or trust company issuing capital notes being set apart for the use and benefit of the holders of such capital notes, as provided in section 362.125, such bank or trust company shall proceed to collect and liquidate such assets and shall have full authority to sell or enter into any compromise concerning the same.  2. All amounts received or collected by such bank or trust company from the sale, collection or adjustment of such assets and/or from such rights of participation provided for in section 362.125 shall be deposited and kept by it in a separate fund and account, and all such amounts shall be held in trust for the use and benefit of the holders of such capital notes.  3. Whenever such funds so held in trust are equal to ten percent of the aggregate amount of the notes then outstanding, such bank or trust company shall distribute and pay such funds to the holders of such capital notes ratably; provided, however, that it shall not be required to make such distribution more often than once in sixty days.  4. In the event the director of finance shall take possession of the business and property of any bank or trust company which has issued any such capital notes, such assets may, upon the request in writing to the director of finance by the holders of the majority in amount of such capital notes, be sold to the highest bidder for cash, and the proceeds thereof shall be paid into the fund above provided for retirement of capital notes; provided, however, that, upon the retirement of such capital notes in full and accruals thereon, any of such assets then remaining undisposed of, or any surplus proceeds of any such sale, shall inure to the benefit of such bank or trust company. ­­-------- (RSMo 1939 § 7909)  Prior revision: 1929 § 5315
MO Rev Stat § 362.140 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.140 - Branch offices in foreign countries — how established — amount to be invested.

Effective - 28 Aug 1967   362.140. Branch offices in foreign countries — how established — amount to be invested. — Any bank or trust company possessing a capital and surplus of one million dollars or more may file application with the director, upon such conditions and under such regulations as may be prescribed by the director, for permission to exercise the following powers; provided, that any bank or trust company, without regard to the amount of its capital and surplus, may file an application for permission to exercise the powers specified in subdivision (2) below:  (1) To establish branches in foreign countries or dependencies or insular possessions of the United States for the furtherance of foreign commerce of the United States and to act, if required to do so, as fiscal agents of the United States;  (2) To invest an amount not exceeding in the aggregate ten percent of its paid-in capital stock and surplus in the stock of one or more banks or corporations chartered or incorporated under the laws of the United States, or of any state thereof, and principally engaged in international or foreign banking or banking in a dependency or insular possession of the United States, either directly or through the agency, ownership or control of local institutions in foreign countries or in the dependencies or insular possessions, including the stock of one or more banks or corporations chartered or incorporated under section 25a of the Federal Reserve Act as approved December 24, 1919. ­­-------- (RSMo 1939 § 7948, A.L. 1967 p. 445)  Prior revisions: 1929 § 5353; 1919 § 11736