reglab/housing_qa huggingface dataset:
MO Rev Stat § 362.330 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.330 - Bank may sell whole or any part of its assets or business — procedure.

Effective - 28 Aug 1995   362.330. Bank may sell whole or any part of its assets or business — procedure. — 1. Any bank or trust company doing a banking business may sell the whole or any part of the assets or business or the whole or any part of the business of its banking department to any other bank or trust company, state or national or to any association; provided, that the sale shall in nowise impair, defeat or defraud any creditor of the bank or trust company.  2. No state bank or trust company shall enter into the sale or purchase as seller, except after obtaining the consent of the stockholders of record holding at least two-thirds of the outstanding capital stock, except where the sale shall, in the opinion of the director of finance, be deemed a public necessity or advantage. The consent may be expressed either in writing executed and acknowledged by the stockholders or by a vote at a stockholders' meeting called for that purpose, notice of which shall be given by mailing notice thereof to each stockholder of record at the stockholder's last known address as shown by the records of the bank or trust company, at least twenty days prior to the meeting. The notice shall state the time and place of holding of the meeting and a brief and concise statement of the objects and purposes thereof.  3. No sale or purchase shall be made without the consent of the director of finance. The director of finance may, before granting the director's consent thereto, cause an examination to be made of each of the associations, banks or trust companies involved, the expense of which shall be paid by the associations, banks or trust companies and shall not exceed fifteen dollars per day for each examiner and the actual expense incurred while making the examination.  4. The director of finance shall, before granting the director's consent, require each of the associations, banks or trust companies to file certified copies of all proceedings of its directors' and stockholders' meetings relating to the transaction, showing a full compliance with the requirements of this section, and also copies of any agreement or agreements which may have been entered into between the associations, banks or trust companies; and all sales and transfers of assets made under the provisions of this section shall be valid notwithstanding the provisions of section 361.330. As used in this section, the term "association" has the same meaning as provided in subdivision (3) of section 369.014. ­­-------- (RSMo 1939 § 7974, A.L. 1951 p. 294, A.L. 1967 p. 445, A.L. 1995 H.B. 63, et al.)  Prior revision: 1929 § 5379  CROSS REFERENCE:  Corporation not to make assignment of assets, 361.330
MO Rev Stat § 362.333 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.333 - Irrevocable life insurance trusts, banks and trust companies may transfer fiduciary obligations to bank or company with authorized trust authority.

Effective - 28 Aug 2014, 2 histories   362.333. Irrevocable life insurance trusts, banks and trust companies may transfer fiduciary obligations to bank or company with authorized trust authority. — In addition to the powers authorized in section 362.332, a bank or trust company created under the laws of this or any other state or national bank, with authorized trust authority may transfer by assignment, for consideration or no consideration, some or all of its fiduciary obligations that consist only of irrevocable life insurance trusts to any bank or trust company with authorized trust authority. The transfer of such irrevocable life insurance trusts shall be subject to the provisions of this section and to all regulatory procedures described in subsections 2 to 7 of section 362.332. On the effective date of the transfer of fiduciary obligations under this section, the transferring bank or trust company shall be released from all transferred fiduciary obligations and shall cease to act as a fiduciary, except that such transferring bank or trust company shall not be relieved of any obligations arising out of a breach of fiduciary duty occurring prior to such effective date. ­­-------- (L. 2009 H.B. 239 merged with S.B. 277, A.L. 2014 S.B. 794)
MO Rev Stat § 362.335 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.335 - Officers and employees — limitation on powers — appointment of president not required — chief executive officer not required to be member of board, when.

Effective - 28 Aug 2002   362.335. Officers and employees — limitation on powers — appointment of president not required — chief executive officer not required to be member of board, when. — 1. The directors may appoint and remove any cashier, secretary or other officer or employee at pleasure.  2. The cashier, secretary or any other officer or employee shall not endorse, pledge or hypothecate any notes, bonds or other obligations received by the corporation for money loaned, until such power and authority is given the cashier, secretary or other officer or employee by the board of directors, pursuant to a resolution of the board of directors, a written record of which proceedings shall first have been made; and a certified copy of the resolution, signed by the president and cashier or secretary with the corporate seal annexed, shall be conclusive evidence of the grant of this power; and all acts of endorsing, pledging and hypothecating done by the cashier, secretary or other officer or employee of the bank or trust company without the authority from the board of directors shall be null and void. The board of directors may designate a chief executive officer who is not the president, but who shall perform all the duties of the president required by this section.  3. A bank or trust company may appoint such officers as provided for in the articles of agreement, bylaws or as otherwise provided by law, however provided the directors appoint an officer that is also designated as the chief executive officer, the bank or trust company shall not be required to appoint an officer designated as president. When the chief executive officer owns or controls fifty percent or more of the voting stock of the bank or trust company, such chief executive officer shall not be required to be a member of the board of directors, unless the director of the division of finance determines such officer's presence is necessary to prevent unsafe and unsound banking activity. ­­-------- (RSMo 1939 § 7975, A.L. 1967 p. 445, A.L. 2001 H.B. 738 merged with S.B. 186, A.L. 2002 S.B. 895)  Prior revisions: 1929 § 5380; 1919 § 11762; 1909 § 1112
MO Rev Stat § 362.336 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.336 - Fraudulent checks and drafts issued by bank or agent — penalty.

Effective - 28 Aug 1939   362.336. Fraudulent checks and drafts issued by bank or agent — penalty. — 1. No bank or trust company shall issue a certificate of deposit, nor certify a check or draft, nor issue a cashier's or treasurer's check, except in exchange for lawful money of the United States or for checks, drafts or bills of exchange which are the actual equivalent of such money.  2. If any president, director, officer, employee or agent of any bank or trust company shall issue a certificate of deposit or certify a check or draft or issue a cashier's or treasurer's check, without receiving the money or its equivalent as herein provided or shall sell a certificate of deposit of the bank at a discount in an amount in excess of the legal rate of interest, he shall be guilty of a felony and upon conviction shall be punished by imprisonment in the penitentiary for not less than two years nor more than five years or by imprisonment in the county jail for not exceeding one year, or by a fine not exceeding one thousand dollars, or by both such fine and imprisonment. ­­-------- (RSMo 1939 § 4508)  Prior revision: 1929 § 4117
MO Rev Stat § 362.337 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.337 - Bank officer concealing loans, misdemeanor — penalty.

Effective - 28 Aug 1939   362.337. Bank officer concealing loans, misdemeanor — penalty. — Any officer, director, clerk or other employee of any bank or trust company who intentionally conceals from the director of finance, the directors of such bank, or trust company, or from the committee to whom the directors have delegated authority to pass on loans and discounts, any discount or loan made for and in behalf of said bank or trust company or the purchase or sale of any note, bill of exchange or security, with intent to defraud such bank or trust company, shall be guilty of a misdemeanor and upon conviction shall be punished by imprisonment in the county jail for not exceeding one year, or by a fine of not less than fifty dollars nor more than one thousand dollars or by both such fine and imprisonment. ­­-------- (RSMo 1939 § 4509)  Prior revision: 1929 § 4118
MO Rev Stat § 362.340 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.340 - Employees to give bond — insurance — publication of minimum levels of coverages.

Effective - 28 Aug 2021, 2 histories   362.340. Employees to give bond — insurance — publication of minimum levels of coverages. — 1. The directors of a bank or trust company shall direct and require good and sufficient fidelity bonds on all active officers and employees, whether or not they draw salary or compensation, which bonds shall provide for indemnity to the bank on account of any losses sustained by it as the result of any dishonest, fraudulent or criminal act or omission committed or omitted by them acting independently or in collusion or combination with any person or persons. The bonds may be in individual, schedule or blanket form, and the premiums therefor may be paid by the bank or trust company.  2. The directors may also direct and require suitable insurance protection to the bank against burglary, robbery, theft and other similar insurable hazards to which the bank or trust company may be exposed in the operations of its business on the premises or elsewhere.  3. The directors shall be responsible for approving at least once in each year the amount or penal sum of the bonds or policies and the sureties or underwriters thereon, after giving due and careful consideration to all known elements and factors constituting the risk or hazard. The action shall be recorded in the minutes of the board of directors and the relevant information documented on a form provided by the division of finance. Thereafter, the completed form shall be retained and preserved by the bank or trust company. The director of finance shall publish yearly a tiered schedule of minimum levels of coverages. ­­-------- (RSMo 1939 § 7975, A.L. 1967 p. 445, A.L. 2021 S.B. 106)  Prior revisions: 1929 § 5380; 1919 § 11762; 1909 § 1112
MO Rev Stat § 362.345 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.345 - Penalties for receiving deposits when insolvent.

Effective - 28 Aug 1967   362.345. Penalties for receiving deposits when insolvent. — 1. No president, director, manager, cashier, secretary or other officer or agent of any bank or trust company organized and doing business under the provisions of this chapter shall receive or assent to the reception of deposits, or create or assent to the creation of any debts of the bank or trust company, after he shall have knowledge of the fact that it is insolvent or in failing circumstances.  2. Every person violating the provisions of this section shall be individually responsible for the deposits so received, and all the debts so contracted; provided, any director who may have paid more than his share of the liabilities mentioned in this section may have his proper remedy at law against persons who have not paid their full share of the liabilities; and provided, further, that in case of the insolvency of one or more of these officers, agents or managers, the liabilities shall be paid, for the time being, by those who are solvent, in equal proportions. ­­-------- (RSMo 1939 § 7976, A.L. 1967 p. 445)  Prior revisions: 1929 § 5381; 1919 § 11763; 1909 § 1113
MO Rev Stat § 362.350 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.350 - Officers, how sued — evidence of knowledge.

Effective - 28 Aug 1967   362.350. Officers, how sued — evidence of knowledge. — In all suits brought for the recovery of the amount of any deposits received, or debts so created, all officers, agents or managers of the bank or trust company charged with so having assented to the reception of the deposits, or the creation of the debt, may be joined as defendants or proceeded against severally, and the fact that the bank or trust company was so insolvent or in failing circumstances at the time of the reception of the deposit charged to have been so received, or the creation of the debt charged to have been so created, shall be prima facie evidence of knowledge and assent to the deposit or creation of the debt on the part of the officer, agent or manager. ­­-------- (RSMo 1939 § 7977, A.L. 1967 p. 445)  Prior revisions: 1929 § 5382; 1919 § 11764; 1909 § 1114
MO Rev Stat § 362.355 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.355 - Administrators of deceased officers liable.

Effective - 28 Aug 1939   362.355. Administrators of deceased officers liable. — This chapter shall extend to and may be enforced by and against the executors and administrators of such deceased officers, agents and managers. ­­-------- (RSMo 1939 § 7978)  Prior revisions: 1929 § 5383; 1919 § 11765; 1909 § 1115
MO Rev Stat § 362.360 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.360 - Interpleader in certain actions — funds may remain in bank — costs.

Effective - 28 Aug 1981   362.360. Interpleader in certain actions — funds may remain in bank — costs. — 1. In all actions against any bank or trust company to recover for moneys on deposit or property left in a safe deposit box therewith, if there be any person or persons, not parties to the action, who claim the same fund, the court in which the action is pending may, on the petition of the bank or trust company, and upon eight days' notice to the plaintiff and the claimants, and without proof as to the merits of the claim, make an order amending the proceeding in the action by making the claimants parties defendant thereto; and the court shall thereupon proceed to determine the rights and interests of the several parties to the action in and to the property. The remedy provided in this section shall be in addition to and not exclusive of remedies now or hereafter existing.  2. The funds on deposit or property which are the subject of the action may remain with the bank or trust company subject to the order of the court until final judgment therein, and, if deposits, be entitled to the same interest as other deposits of the same class, and shall be paid by the bank or trust company in accordance with the final judgment of the court; or in the discretion of the court, the deposit or property in controversy may be paid into or placed with the court to await the final determination of the action, and when the deposit or property is so paid into or placed with the court the bank or trust company shall be struck out as a party to the action, and its liability for the deposit or property shall cease.  3. The costs in all actions against a bank or trust company to recover deposits or property shall be in the discretion of the court, and may be charged upon the fund or property affected by the action. ­­-------- (RSMo 1939 § 7979, A.L. 1967 p. 445, A.L. 1981 S.B. 28)  Prior revisions: 1929 § 5384; 1919 § 11766  (1952) Where defendant bank filed answer and interpleader and took position that deposit belonged to the estate of plaintiff's mother rather than to plaintiff, and court sustained interpleader and ordered other parties to be brought in, but did not dischargebank, there was no appealable order. Heinrich v. South Side Nat. Bank, 363 Mo. 220, 250 S.W.2d 345. (1953) Husband and wife having joint bank account both became ill and husband then arranged to have Simrall's name added to the account. Upon death of husband, Simrall came into bank and nearly all of deposit was, with Simrall's consent, transferred to escrow account. Wife subsequently died. Interpleader by bank held proper. Clay County Bank v. Simrall (A.), 259 S.W.2d 422.
MO Rev Stat § 362.375 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.375 - Adverse claim to deposit — not effectual, when — contract presented by third party, powers of bank or trust company.

Effective - 28 Aug 1995   362.375. Adverse claim to deposit — not effectual, when — contract presented by third party, powers of bank or trust company. — 1. Notice to any bank or trust company doing business in this state of an adverse claim to a deposit standing on its books to the credit of any person shall not be effectual to cause the bank or trust company to recognize the adverse claimant unless the adverse claimant shall also either procure a restraining order, injunction or appropriate process against the bank or trust company from a court of competent jurisdiction in a cause therein instituted by him wherein the person to whose credit the deposit stands is made a party and served with summons, or shall execute to the bank or trust company, in form and with sureties acceptable to it, a bond indemnifying the bank or trust company from any and all liability, loss, damage, cost and expenses for and on account of the payment of the adverse claim or the dishonor of the check or other order of the person to whose credit the deposit stands on the books of the bank or trust company; provided, that this law shall not apply in any instance where the person to whose credit the deposit stands is a fiduciary for the adverse claimant, and the facts constituting the relationship, as also the fact showing reasonable cause of belief on the part of the claimant that the fiduciary is about to misappropriate the deposit, are made to appear by the affidavit of the claimant.  2. Notwithstanding any law to the contrary, a bank or trust company is authorized to honor, dishonor or place conditions on any contract, agency agreement, or other document presented by a third party, including a customer of the bank or trust company, unless and until the bank or trust company agrees in writing to honor such document or documents pursuant to a contract or agreement. This subsection shall not apply to government documents, including any lawful court orders, which shall be honored as otherwise may be provided by law. No provision of this subsection shall change current law on the type, quality and coverage of insurance the creditor may require the debtors to purchase on the debtor's person or collateral. ­­-------- (RSMo 1939 § 7982, A.L. 1967 p. 445, A.L. 1995 S.B. 178)  Prior revision: 1929 § 5387
MO Rev Stat § 362.385 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.385 - Rate of interest.

Effective - 28 Aug 1967   362.385. Rate of interest. — No bank or trust company shall pay any interest on any deposits of money, public or private, which are payable on demand, at a rate of interest in excess of the current rate of interest authorized by the laws of the United States of America or by regulations issued under authority of these laws, to be paid on the deposits by member banks of the Federal Reserve System or by banks or trust companies whose deposits are insured by the Federal Deposit Insurance Corporation; and no bank or trust company wherein any deposits of such moneys shall be made shall become obligated or liable on account thereof except for the safekeeping thereof and for the payment of the amount of the deposits with interest thereon, if any, lawfully payable under the provisions of this chapter. ­­-------- (RSMo 1939 § 7984, A.L. 1967 p. 445)
MO Rev Stat § 362.405 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.405 - Assessments by director of finance paid to director of revenue.

Effective - 28 Aug 1967   362.405. Assessments by director of finance paid to director of revenue. — When the director of finance, pursuant to the powers conferred on him by chapter 361, levies any assessment upon any bank or trust company and notifies the bank or trust company of the amount thereof, the amount so assessed shall become a liability of and shall be paid by the bank or trust company to the state director of revenue. ­­-------- (RSMo 1939 § 7986, A. 1949 H.B. 2085, A.L. 1967 p. 445)  Prior revisions: 1929 § 5390; 1919 § 11769
MO Rev Stat § 362.410 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.410 - Preservation of books and records.

Effective - 28 Aug 1988   362.410. Preservation of books and records. — 1. The division of finance shall issue rules for classifying the records kept by all banks and trust companies in the state and specifying the minimum period for which records of each class shall be retained. The period may be permanent or for a term of years. Prior to issuing these rules the division of finance shall consider:  (1) Court and administrative proceeding requirements pertaining to evidence and the production of bank records;  (2) State and federal statutes of limitations and record retention statutes and regulations; and  (3) Other matters which the division considers pertinent so that its recommendations protect bank records for as short a period as possible and ensure the safety and soundness of the bank.  2. A state chartered bank may have records in its custody reproduced as provided in section 362.413.  3. No bank or trust company shall be liable for disposing of any record provided that such bank or trust company complies with the rules issued by the division of finance pursuant to this section. ­­-------- (RSMo 1939 § 7987, A.L. 1967 p. 445, A.L. 1988 S.B. 773)  Prior revisions: 1929 § 5391; 1919 § 11770