reglab/housing_qa huggingface dataset:
MO Rev Stat § 361.269 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.269 - Notice of suspension or removal, effective when — appeal to director, when — hearings, where held.

Effective - 28 Aug 1985   361.269. Notice of suspension or removal, effective when — appeal to director, when — hearings, where held. — 1. A notice of suspension or order of removal issued pursuant to sections 361.267, 361.268 and this subsection shall become effective immediately but any director, officer, or other person concerned may, within thirty days of service of any notice of suspension or order of removal, request, in writing, an opportunity to appear before the director to show that the continued service to or participation in the conduct of the affairs of the corporation by such individual does not, or is not likely to, pose a threat to the interests of the corporation's depositors or threaten to impair public confidence in the corporation.  2. Any hearing provided for in sections 361.262 to 361.269 shall be held in a place which shall be determined by the director, giving due regard for the convenience to both the director and the party requesting the hearing. ­­-------- (L. 1985 H.B. 408 § 361.265 subsec. 6 subdiv. (3) and subsec. 7)
MO Rev Stat § 361.270 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.270 - Report to attorney general and action by him in certain cases.

Effective - 28 Aug 1939   361.270. Report to attorney general and action by him in certain cases. — 1. If any director or officer or employee of any corporation subject to the provisions of this chapter has abused his trust or been guilty of misconduct or malversation in his official position or employment injurious to the institution, the director may, in his discretion, communicate the facts to the attorney general, who shall thereupon institute such proceedings as the nature of the case may require.  2. Such proceedings may be for an order for the removal of one or more of the officers or members of the board of directors, or for any other remedy suggested by the conditions discovered to the court; and the court, or judge thereof in vacation, before whom such proceedings shall be instituted, shall have power forthwith to grant such orders, and in its or his discretion, from time to time, to modify or revoke the same and to grant such relief as the evidence, situation of the parties and the interest involved shall seem to require. ­­-------- (RSMo 1939 § 7905)  Prior revisions: 1929 § 5311; 1919 § 11699
MO Rev Stat § 361.280 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.280 - Proceedings in name of director for violations of the provisions of this chapter.

Effective - 28 Aug 1939   361.280. Proceedings in name of director for violations of the provisions of this chapter. — If any corporation, subject to the provisions of this chapter, shall refuse or fail, after due notice, to pay any assessment lawfully imposed upon it or him by the director; or if any such corporation or any officer, director, trustee, agent or employee of any such corporation shall refuse or fail, after due notice, to pay any penalty or forfeiture incurred under any provision of this chapter by such corporation, officer, director, trustee, agent or employee, or if any other corporation or person shall violate any of the provisions contained in this chapter, the director may in his discretion report the facts to the attorney general, who shall thereupon, in the name of the state at the relation and to the use of the director, institute such action or proceeding as the facts may warrant against such person, corporation, officer, director, trustee, agent or employee. ­­-------- (RSMo 1939 § 7903)  Prior revisions: 1929 § 5309; 1919 § 11697
MO Rev Stat § 361.290 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.290 - Penalty for neglect of duty or misfeasance or malfeasance in office.

Effective - 28 Aug 1939   361.290. Penalty for neglect of duty or misfeasance or malfeasance in office. — Any director, deputy, examiner, employee, clerk or stenographer who shall violate his oath of office or shall neglect or violate any of the duties imposed upon him by this chapter, or shall be guilty of any other misfeasance or malfeasance in office for which no other or different punishment is by this chapter provided, shall be deemed guilty of a felony, and upon conviction, shall be punished by imprisonment in the penitentiary for a term of not less than two years nor exceeding five years, or by a fine of not less than one hundred dollars nor more than one thousand dollars, or by imprisonment in the county or city jail for not less than one month nor more than twelve months, or by both such fine and imprisonment; and upon indictment of any such director, deputy, examiner, clerk or stenographer for any violation of this chapter, such officer or employee shall be disqualified from further discharging the duties of such office or position until such indictment is fully disposed of. ­­-------- (RSMo 1939 § 7888)  Prior revisions: 1929 § 5294; 1919 § 11682; 1909 § 1091
MO Rev Stat § 361.300 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.300 - Director may take possession of property of corporation.

Effective - 28 Aug 1939   361.300. Director may take possession of property of corporation. — The finance director may forthwith take possession of the business and property of any corporation, subject to the provisions of this chapter  (1) Whenever such corporation has refused, upon proper demand to submit its records and affairs for inspection to the director, one of his deputies, or an examiner of the finance division; or  (2) Whenever from an examination made by the director, or by one of his deputies or examiners, it shall be discovered that any such corporation is insolvent, or that its continuance in business will seriously jeopardize the safety of its depositors or other indebtedness, and if the action is taken from an examination by an examiner and such examiner shall recommend the closing of the corporation, then it shall be the duty of the director, if he approved such recommendation, by himself or one of his examiners, immediately to close said corporation and take charge of all the property and effects thereof;  (3) Whenever any corporation subject to the provisions of this chapter so desires, it may place its affairs and assets under the control of the director by posting a notice on its front door as follows: "This bank (or trust company) is in the hands of the finance director." The posting of this notice or of a notice by the director that he has taken possession of any such corporation shall be sufficient to place all its assets and property, of whatever nature, in the possession of the director, and shall operate as a bar to any proceedings whatever whether in law or in equity, against any incorporated bank or trust company, or its assets, and if any such action is begun, then all such proceedings shall be summarily dismissed and for naught held, upon the certificate of the director being filed in such cause, showing that he has taken possession of the assets of such bank or trust company, and any court in which such proceedings are pending shall have no power, authority, or jurisdiction to proceed further in any such cause, and any officer or other person having possession of any assets or property of any such bank or trust company shall immediately deliver the possession of the same to the director unless otherwise provided in this chapter; provided, however, nothing herein shall in any wise prevent or prohibit any bank or trust company from being garnished in any case;  (4) The powers and authority conferred on the director by this section except in case of voluntary surrender, shall be considered as discretionary and not as mandatory, and so long as the director acts in good faith in the matter, neither he nor his deputies shall be held liable civilly or criminally or upon their official bonds in any action taken thereunder or for any failure to act thereunder. ­­-------- (RSMo 1939 § 7910)  Prior revisions: 1929 § 5316; 1919 § 11700; 1909 § 1081
MO Rev Stat § 361.310 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.310 - Information to prosecuting attorney.

Effective - 28 Aug 1939   361.310. Information to prosecuting attorney. — Whenever the director of finance shall take charge or possession of any corporation, according to the provisions of section 361.300, it shall be his duty and he is hereby directed immediately and from time to time as the same appear during such charge or possession, to place before the prosecuting attorney of the county in which said corporation is located, all information and evidence concerning the affairs and conditions of said corporation showing or tending to show any and all violations of the criminal laws of this state by any officer, director or employee of said corporation; provided, that the word "county" as herein used shall be construed to include the City of St. Louis, and that the words "prosecuting attorney" shall be construed to include the proper prosecuting officer of the City of St. Louis. ­­-------- (RSMo 1939 § 7911)  Prior revision: 1929 § 5317
MO Rev Stat § 361.320 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.320 - Director may maintain action against officers, when.

Effective - 28 Aug 1939   361.320. Director may maintain action against officers, when. — At any time while the director is in possession of the property and business of any such corporation, he may within six years after the cause of action has accrued, institute and maintain in his name as finance director against its directors, trustees, managers or officers, or any of them, any action or proceeding which is vested in such corporation or in the stockholders or creditors thereof. ­­-------- (RSMo 1939 § 7936)  Prior revisions: 1929 § 5341; 1919 § 11724
MO Rev Stat § 361.330 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.330 - Corporation not to make assignment — duty when in failing condition.

Effective - 28 Aug 1939   361.330. Corporation not to make assignment — duty when in failing condition. — 1. It shall be unlawful in this state for any corporation subject to the provisions of this chapter to make a voluntary general assignment of its business and affairs.  2. In case it shall find itself to be in a failing condition, it shall immediately place itself in the hands of the director.  3. Any deed of voluntary general assignment executed by any such corporation shall be null and void, and in case the officers or directors of any such institution shall endeavor to make any voluntary general assignment of its assets, the director shall immediately take possession thereof and proceed, as provided in section 361.340 and following.  4. All transfers of the notes, bonds, bills of exchange, or other evidence of debt owing to any corporation, or of deposits to its credit; all assignments of mortgages, securities on real estate or of judgments or decrees in its favor; all deposits of money, bullion or other valuable thing for its use, or for the use of any of its shareholders or creditors; and all payments of money to it, made after the commission of an act of insolvency, or in contemplation thereof, made with a view to prevent the application of its assets in the manner prescribed by this chapter, or with a view to the preference of one creditor to another, shall be utterly null and void.  5. No attachment, injunction or execution shall be issued against such corporation, or its property, before final judgment in any suit, action or proceeding in any state, county or municipal court. ­­-------- (RSMo 1939 § 7912)  Prior revisions: 1929 § 5318; 1919 § 11701; 1909 § 1084  CROSS REFERENCE:  Sale of whole or part of assets to another bank, 362.330
MO Rev Stat § 361.340 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.340 - Circumstances under which possession by director may terminate.

Effective - 25 Jun 2009   361.340. Circumstances under which possession by director may terminate. — When the director shall have duly taken possession of such corporation, under any provision of this chapter, he may hold such possession until its affairs are finally liquidated by him, unless:  (1) He shall have permitted such corporation to resume business pursuant to the provisions of section 361.370;  (2) The director shall have been directed by order of court to surrender such possession, pursuant to the provisions of section 361.360;  (3) The director shall have appointed the Federal Deposit Insurance Corporation as the liquidating agent of a bank insured thereby and the Federal Deposit Insurance Corporation shall have accepted the appointment;  (4) The stockholders of such corporation, at a meeting called by the director pursuant to the provisions of section 361.580, shall have duly determined to appoint and shall have appointed an agent or agents to continue the liquidation of such corporation, and such agent or agents shall have qualified to take possession of its remaining assets as provided in section 361.600;  (5) The depositors and other creditors of such corporation and the expenses of such liquidation shall have been paid in full. ­­-------- (RSMo 1939 § 7913, A.L. 1977 S.B. 420, A.L. 1978 H.B. 1634, A.L. 2009 H.B. 914)  Prior revisions: 1929 § 5319; 1919 § 11702  Effective 6-25-09
MO Rev Stat § 361.350 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.350 - Director may report delinquencies to attorney general to procure judgment of dissolution — reports presumptive evidence.

Effective - 28 Aug 1939   361.350. Director may report delinquencies to attorney general to procure judgment of dissolution — reports presumptive evidence. — 1. Whenever the director is entitled to take possession of any such corporation for any reason set forth in section 361.310, he may report to the attorney general and specify in such report the delinquencies of such corporation; and the attorney general may institute an action to procure a judgment dissolving such corporation.  2. Every such report and every report of a duly instituted examination of such corporation, when duly verified by the certificate and seal of the finance director, shall be a presumptive evidence of the facts therein stated in any action or proceeding against such corporation instituted by the attorney general. ­­-------- (RSMo 1939 § 7914)  Prior revisions: 1929 § 5320; 1919 § 11703
MO Rev Stat § 361.360 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.360 - Director's possession may be challenged, when.

Effective - 02 Jan 1979   361.360. Director's possession may be challenged, when. — At any time within ten days after the director has taken possession of the property and business of any such corporation, such corporation, with the approval of its board of directors, may apply to the circuit court in the judicial district in which the principal office of such corporation is located, for an order requiring the director to show cause why he should not be enjoined from continuing such possession. The court may, upon good cause shown, direct the director to refrain from further proceedings and to surrender such possession. ­­-------- (RSMo 1939 § 7915, A.L. 1977 S.B. 420, A.L. 1978 H.B. 1634)  Prior revisions: 1929 § 5321; 1919 § 11704  Effective 1-02-79
MO Rev Stat § 361.365 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.365 - Director may appoint the Federal Deposit Insurance Corporation as liquidating agent — effect of.

Effective - 28 Aug 2005   361.365. Director may appoint the Federal Deposit Insurance Corporation as liquidating agent — effect of. — The director may appoint the Federal Deposit Insurance Corporation as liquidating agent of any banking corporation insured thereby of which he has duly taken possession under any provision of this chapter, and the Federal Deposit Insurance Corporation as liquidating agent shall thereupon be vested with both legal and equitable title to all the assets, rights, claims and other real and personal property of the closed bank. The Federal Deposit Insurance Corporation as liquidating agent shall have power to perform all acts of the director in the liquidation of the closed bank. ­­-------- (L. 1977 S.B. 420, A.L. 2005 H.B. 707)
MO Rev Stat § 361.370 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.370 - Director may surrender possession for resumption or liquidation.

Effective - 28 Aug 1949   361.370. Director may surrender possession for resumption or liquidation. — 1. Upon such conditions as he may approve, the director may surrender possession of such corporation to its officers or any of them to permit the resumption of business or the liquidation of the corporation.  2. Before such corporation is surrendered for purposes of liquidation, the officer or officers of the corporation shall enter into a good and sufficient personal or surety bond in an amount equal to the total amount of the corporation's liability, capital stock liability excepted; the bond to be conditioned that all of the aforesaid liability be discharged within one year from the date of the making of the bond. The sufficiency of the bond shall be passed upon and approved by both the circuit judge of the county or city in which the corporation is located and the director, and be filed with the circuit clerk of said county or city. The bond shall be for the benefit of the depositors and other creditors. In the event of default, any depositor or other creditor may bring his action singly or collectively or if the claim be assigned the assignee may bring action in like manner. ­­-------- (RSMo 1939 § 7916, A. 1949 H.B. 2084)  Prior revisions: 1929 § 5322; 1919 § 11705
MO Rev Stat § 361.380 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.380 - Surrender for liquidation.

Effective - 28 Aug 1949   361.380. Surrender for liquidation. — 1. Whenever the director shall surrender possession of such corporation under the provisions of section 361.370 for the purposes of liquidation, the corporation shall not receive deposits or engage in the general banking business.  2. The officers, as trustees of the corporation, in the corporate name, may prosecute and defend any action and legal proceeding, execute, acknowledge and deliver any deed, assignment, bill of sale, release, extension, satisfaction, and other instruments necessary and proper to effectuate any sale, lease, or transfer of real or personal property or execute any other instrument which the corporation was heretofore empowered to execute, for the proper liquidation of the corporation.  3. If at the end of one year after entering into the bond as required by section 361.370 all the liabilities of the corporation shall be discharged, the bond shall be terminated, and the remaining assets of the corporation shall be divided among the stockholders. Nothing in this section or section 361.360 shall be construed to release any person from any liability as provided by sections 362.345 to 362.355. ­­-------- (RSMo 1939 § 7916, A. 1949 H.B. 2084)  Prior revisions: 1929 § 5322; 1919 § 11705
MO Rev Stat § 361.390 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.390 - Liquidation — special deputy may be appointed.

Effective - 28 Aug 2000   361.390. Liquidation — special deputy may be appointed. — 1. The director may, by certificate, under his or her hand and official seal, appoint one or more special deputy directors as agent or agents to assist him in liquidating the business and affairs of any corporation in his or her possession.  2. The director shall file such certificate in the public records of the division of finance.  3. He or she may, from time to time, delegate such special deputy director to perform such duties connected with such liquidation as he or she may deem proper. He or she may employ such expert assistants and counsel and may retain such of the officers or employees of such corporation as he or she may deem necessary in the liquidation and distribution of the assets of such corporation.  4. He or she shall require such security as he or she may deem proper from his or her agents and assistants appointed pursuant to the provisions of this section.  5. The director may appoint a bank or trust company as such special deputy director and any bank or trust company receiving and accepting any such appointment shall be fully authorized and empowered to do any and all acts and things which the director may deem necessary and advisable in liquidating the business and affairs of the corporation in his or her possession; provided, however, that no salaries or attorney fees shall be paid unless approved by the circuit court in Cole County, which circuit court may refuse to approve any salaries or attorney fees that it may deem exorbitant, and set a less fee or salary, which less fee or salary shall be the* amount paid. ­­-------- (RSMo 1939 § 7917, A.L. 1978 H.B. 1634, A.L. 2000 S.B. 896)  Prior revisions: 1929 § 5323; 1919 § 11706  *Word "the" does not appear in original rolls.
MO Rev Stat § 361.400 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.400 - Director's assistant may be appointed as special deputy.

Effective - 28 Aug 1949   361.400. Director's assistant may be appointed as special deputy. — The director in the manner prescribed in section 361.390 may appoint a deputy director or examiner as such special deputy to assist in the liquidation of any corporation in his possession. ­­-------- (RSMo 1939 § 7886, A. 1949 H.B. 2084)  Prior revisions: 1929 § 5292; 1919 § 11680; 1909 § 1089