reglab/housing_qa huggingface dataset:
MO Rev Stat § 362.225 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.225 - Reserve depositaries.

Effective - 28 Aug 2005   362.225. Reserve depositaries. — Missouri banks and depository trust companies shall maintain reserves against aggregate deposits as provided by the Federal Reserve Act and any amendments thereto or of regulations duly adopted and promulgated under the Federal Reserve Act for banks and trust companies of similar size and classification according to the requirements for the Federal Reserve District in which the bank or deposit trust company is located. Federal Reserve Banks located in this state are approved depositories for all banks and trust companies. ­­-------- (RSMo 1939 § 7956, A.L. 1967 p. 445, A.L. 1977 S.B. 420, A.L. 2005 H.B. 707)  Prior revisions: 1929 § 5361; 1919 § 11744  CROSS REFERENCE:  Reserve requirements, federal regulations to take precedence, when, 362.231
MO Rev Stat § 362.230 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.230 - No new loans until depleted reserves are restored.

Effective - 28 Aug 1972   362.230. No new loans until depleted reserves are restored. — Whenever the reserve of a bank or trust company shall fall below the amount herein required of it and shall remain so for a period of one week, then the bank or trust company shall not make any new loans, discounts or acceptances, except the discount or purchase of bills of exchange, payable at sight, until it shall have restored its required reserve; provided, however, that if the averages of the daily reserves maintained for any calendar week beginning on Thursday are not less than the averages of the daily reserves required by sections 362.210, 362.213 and 362.215 to be maintained for the week, the bank or trust company shall be deemed to have complied with the requirements of the sections for each day of the week. ­­-------- (RSMo 1939 § 7957, A.L. 1959 S.B. 194, A.L. 1967 p. 445, A.L. 1972 S.B. 464)  Prior revisions: 1929 § 5362; 1919 § 11745  CROSS REFERENCE:  Reserve requirements, federal regulations to take precedence, when, 362.231
MO Rev Stat § 362.231 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.231 - Reserve requirements, federal regulation to take precedence, when.

Effective - 28 Aug 1981   362.231. Reserve requirements, federal regulation to take precedence, when. — Whenever federal reserve regulations establish the level of reserves to be maintained by state banks, which are not member banks of the federal reserve, the laws and regulations relating to reserves in sections 362.210, 362.213, 362.215, 362.217, 362.225, 362.230 shall not apply to such banks. ­­-------- (L. 1981 S.B. 28)
MO Rev Stat § 362.240 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.240 - Change from state to national bank.

Effective - 28 Aug 1983   362.240. Change from state to national bank. — 1. Any bank or trust company incorporated under the laws of this state may be converted into a national banking association, or alone, or with one or more other such banks or trust companies, may be consolidated or merged with one or more national banking associations under a national banking association charter upon compliance with the laws of the United States in such cases made and provided, and without approval by any authority of this state.  2. Whenever any such bank or trust company shall have converted, consolidated or merged into a national banking association it shall notify the director of finance of the state of Missouri of such fact and shall file with him a copy of its authorization as a national banking association or a copy of the certificate of approval of consolidation or merger certified by the Comptroller of the Currency, and thereupon its franchise under the laws of this state shall automatically terminate and the resulting national banking association shall be considered the same business and corporate entity as, and a continuation of the corporate entity and identity of, such bank or trust company, although as to rights, powers and duties the resulting institution is a national banking association. The rights of any of the stockholders of any such bank or trust company who dissent to the consolidation or merger shall be determined pursuant to the laws of the United States.  3. In the case of any such conversion, consolidation or merger:  (1) All the rights, franchises and interests of the converting, consolidating or merging bank or trust company in and to every species of property, real, personal and mixed, and choses in action thereto belonging shall be deemed to be transferred to and vested in the resulting national banking association without any deed or other transfer; and  (2) The resulting national banking association by virtue of the conversion, consolidation, or merger, and without any order of any court or otherwise, shall hold and enjoy the same and all rights of property and interests, including, but not by way of limitation, appointments, designations and nominations and all other rights and interests as trustee, personal representative, conservator, receiver, registrar, assignee, and every other fiduciary capacity in the same manner and to the same effect as such rights and interests were held or enjoyed by the converting, consolidating or merging bank or trust company at the time of its conversion, consolidation or merger into such resulting national banking association. ­­-------- (RSMo 1939 § 7988, A.L. 1951 p. 290 § 1, A.L. 1953 p. 250, A.L. 1983 S.B. 44 & 45)  Prior revisions: 1929 § 5392; 1919 § 11771
MO Rev Stat § 362.245 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.245 - Board of directors, qualifications — cumulative voting in electing director permitted when.

Effective - 28 Aug 2002   362.245. Board of directors, qualifications — cumulative voting in electing director permitted when. — 1. The affairs and business of the corporation shall be managed by a board of directors, consisting of not less than five nor more than thirty-five stockholders who shall be elected annually; except, that trust companies in existence on October 13, 1967, may continue to divide the directors into three classes of equal number, as near as may be, and to elect one class each year for three-year terms. Notwithstanding any provision of this chapter to the contrary, a director who is not a stockholder shall have all the rights, privileges, and duties of a director who is a stockholder.  2. Each director shall be a citizen of the United States, and at least a majority of the directors must be residents of this state at the time of their election and during their continuance in office; provided, however, that if a director actually resides within a radius of one hundred miles of the banking house of said bank or trust company, even though his or her residence be in another state adjoining and contiguous to the state of Missouri, he or she shall for the purposes of this section be considered as a resident of this state and in the event such director shall be a nonresident of the state of Missouri he or she shall upon his or her election as a director file with the president of the banking house or such other chief executive office as otherwise permitted by this chapter written consent to service of legal process upon him in his or her capacity as a director by service of the legal process upon the president as though the same were personally served upon the director in Missouri.  3. If at a time when not more than a majority of the directors are residents of this state, any director shall cease to be a resident of this state or adjoining state as defined in subsection 2 of this section, he or she shall forthwith cease to be a director of the bank or trust company and his or her office shall be vacant.  4. No person shall be a director in any bank or trust company against whom such bank or trust company shall hold a judgment.  5. Cumulative voting shall only be permitted at any meeting of the members or stockholders in electing directors when it is provided for in the articles of incorporation or bylaws. ­­-------- (RSMo 1939 § 7958, A.L. 1955 p. 271, A.L. 1961 p. 143, A.L. 1967 p. 445, A.L. 1977 S.B. 420, A.L. 1988 H.B. 1204, A.L. 1990 H.B. 1788, A.L. 1998 S.B. 852 & 913, A.L. 2000 S.B. 896, A.L. 2002 S.B. 895)  Prior revisions: 1929 § 5363; 1919 § 11746
MO Rev Stat § 362.247 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.247 - Board, quorum — directors not physically present, counted when — rulemaking authority.

Effective - 28 Aug 2021, 2 histories   362.247. Board, quorum — directors not physically present, counted when — rulemaking authority. — 1. A majority of the full board of directors shall constitute a quorum for the transaction of business unless another number is required by the articles of agreement, the bylaws or by law. The act of a majority of the directors present at a meeting at which a quorum is present shall be the act of the board of directors unless the act of a greater number is required by the articles of agreement, the bylaws or by law.  2. Unless otherwise prohibited by statute or regulation, directors may attend board meetings by telephonic conference call or video conferencing, and the bank or trust company may include in a quorum directors who are not physically present but are allowed to vote, provided the bank or trust company has a composite rating of 1 or 2 under the Uniform Financial Institutions Rating System of the Federal Financial Institution Examination Counsel (FFIEC).  3. Any director remotely attending a board meeting via telephone or video conferencing may be counted toward a quorum for such meeting and, if the director is not otherwise prohibited, may vote on matters before the bank or trust company's board so long as the meeting minutes identify the director appearing remotely and reflect that the remote director:  (1) Received formal notice of the board meeting for which he or she is attending or waived such notice as otherwise provided by law;  (2) Received the board meeting information required for each board of director's meeting as provided by section 362.275;  (3) Was alone when participating in such board meeting or was in the physical presence of no one not a director of such bank or trust company; and  (4) Was able to clearly hear such board meeting discussion from its beginning to end.  4. The director of the division of finance may promulgate additional regulations, reasonable in scope, to provide for the integrity of the board of directors' operations when directors attend board meetings remotely, the safety and soundness of the bank or trust company's operation, and the bank or trust company's interest in minimizing the cost of compliance with such regulation. ­­-------- (L. 1967 p. 445, A.L. 1999 S.B. 386, A.L. 2021 S.B. 106)
MO Rev Stat § 362.250 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.250 - Oath of directors to be subscribed and certified — retained by board — penalty.

Effective - 28 Aug 2021, 2 histories   362.250. Oath of directors to be subscribed and certified — retained by board — penalty. — 1. Every person elected director of a bank or trust company shall, within thirty days after election, qualify himself or herself as director by filing with the officers of the bank or trust company an oath that he or she will, so far as the duty devolves on him or her, diligently and honestly administer the affairs of the bank or trust company, and will not knowingly violate, or willingly permit to be violated, any of the provisions of law applicable to the bank or trust company.  2. The oath shall be subscribed by the director making it, and certified by an officer authorized by law to administer oaths, and the fact of the oath having been made and filed with the officers of the bank or trust company shall be noted on the records of the acts of the directors.  3. The oath, subscribed by the director making it and certified by the officer before whom it is taken, shall be retained with the official records of the board of directors.  4. Failure to comply with this provision within the time specified shall work a forfeiture of the position; provided, however, that the director of finance may, for cause deemed sufficient by him or her, extend the time; and when any vacancy occurs by this failure the board of directors shall, at the next regular meeting thereafter, enter the fact of the vacancy upon their records and promptly proceed to elect some competent person to fill the vacancy for the unexpired term. ­­-------- (RSMo 1939 § 7959, A.L. 1967 p. 445, A.L. 1977 S.B. 420, A.L. 1989 H.B. 346, A.L. 1998 S.B. 852 & 913, A.L. 2021 S.B. 106)  Prior revisions: 1929 § 5364; 1919 § 11747
MO Rev Stat § 362.253 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.253 - Two or more directors to constitute an executive committee — when.

Effective - 28 Aug 1967   362.253. Two or more directors to constitute an executive committee — when. — If the bylaws so provide, the board of directors, by resolution adopted by a majority of the whole board, may designate two or more directors to constitute an executive committee, which committee, to the extent provided in the resolution or in the bylaws of the bank or trust company, shall have and exercise all of the authority of the board of directors in the management of the bank or trust company; but the designation of the committee and the delegation thereto of authority shall not operate to relieve the board of directors, or any member thereof, of any responsibility imposed upon him by this chapter. ­­-------- (L. 1967 p. 445)
MO Rev Stat § 362.255 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.255 - Tenure of office of directors.

Effective - 28 Aug 1939   362.255. Tenure of office of directors. — The directors shall, unless sooner removed or disqualified, hold office until the next annual meeting of the stockholders, and until their successors are elected and have qualified. ­­-------- (RSMo 1939 § 7960)  Prior revisions: 1929 § 5365; 1919 § 11748
MO Rev Stat § 362.260 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.260 - Vacancies in board of directors.

Effective - 28 Aug 1939   362.260. Vacancies in board of directors. — 1. All vacancies in the office of directors shall be filled by election by the stockholders except as herein provided.  2. Vacancies not exceeding one-third of the whole number of the board may be filled by the affirmative vote of a majority of the directors then in office, and the directors so elected may hold office until such vacancies are filled by the stockholders at a special or annual meeting. ­­-------- (RSMo 1939 § 7961)  Prior revisions: 1929 § 5366; 1919 § 11749
MO Rev Stat § 362.265 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.265 - Change of number of directors.

Effective - 27 May 1981   362.265. Change of number of directors. — 1. The stockholders at any annual or special meeting, provided notice of the proposed change be given in the notice of the meeting, may, by a majority of all the votes of the stockholders of the bank or trust company, change by resolution the number of its directors to such number, not less than five nor more than thirty-five, as they may decide.  2. The directors at any regular or special meeting of directors, by a two-thirds majority vote of the total number thereof, may increase the number of directors by adding not more than two additional directors during any one year unless the added directors would increase the total number of directors to more than thirty-five. The increase shall be effective only until the next regular stockholders' meeting, at which time the stockholders shall approve or reject such increase.  3. A copy of every stockholders' or directors' resolution changing the number of directors shall be immediately filed in the office of the director of finance. ­­-------- (RSMo 1939 § 7962, A.L. 1967 p. 445, A.L. 1980 H.B. 1195, A.L. 1981 S.B. 5 Revision)  Prior revisions: 1929 § 5367; 1919 § 11750  Effective 5-27-81
MO Rev Stat § 362.270 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.270 - Organizational meeting of directors.

Effective - 28 Aug 2002   362.270. Organizational meeting of directors. — Within thirty days after the date on which the annual meeting of the stockholders is held the directors elected at such meeting shall, after subscribing the oath required in section 362.250, hold a meeting at which they shall elect a chief executive officer which the board may designate as president or another appropriate title, from their own number, one or more vice presidents, and such other officers as are provided for by the bylaws to be elected annually, except as otherwise provided by law. ­­-------- (RSMo 1939 § 7963, 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 § 5368; 1919 § 11751
MO Rev Stat § 362.290 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.290 - Communications from director shall be submitted to directors and noted in minutes.

Effective - 28 Aug 1967   362.290. Communications from director shall be submitted to directors and noted in minutes. — Each official communication directed by the finance director or one of his deputies to a bank or trust company or to any officer thereof, relating to an examination or investigation conducted by the division of finance or containing suggestions or recommendations as to the conduct of the business of the bank or trust company, shall be submitted, by the officer receiving it, to the board of directors at the next meeting of the board, and duly noted in the minutes of the meetings of the board. ­­-------- (RSMo 1939 § 7967, A.L. 1967 p. 445)  Prior revisions: 1929 § 5372; 1919 § 11755
MO Rev Stat § 362.310 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.310 - Surplus fund — composition — purposes.

Effective - 28 Aug 2005   362.310. Surplus fund — composition — purposes. — Every bank and trust company shall create a fund to be known as a "surplus fund". This fund may be created or increased by contributions or by transfers from undivided profits. The fund up to forty percent of the capital of the bank or trust company shall be used only for the payment of losses in excess of undivided profits; provided, that the excess of surplus over forty percent, upon the approval of the director of finance, may be capitalized as a stock dividend or may be transferred to undivided profits and used for cash dividends in the discretion of the board of directors. ­­-------- (RSMo 1939 § 7970, A.L. 1967 p. 445, A.L. 2005 H.B. 707)  Prior revisions: 1929 § 5375; 1919 § 11758
MO Rev Stat § 362.315 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.315 - Net income or loss for dividend period to be determined — income to be credited to surplus fund — undivided profits available for dividends.

Effective - 28 Aug 2005   362.315. Net income or loss for dividend period to be determined — income to be credited to surplus fund — undivided profits available for dividends. — 1. To determine the amount of net income or loss for the dividend period, every bank or trust company shall account for all items of income and expense in accordance with regulatory instructions for completing reports of condition and income. When the net income or loss of a bank or trust company has been determined at the close of a dividend period, if its surplus fund does not equal forty percent of the capital of the bank or trust company, one-tenth of such net income shall be credited to the surplus fund or so much thereof, less than one-tenth, as will make the fund equal forty percent of the capital; provided, that until the capital and surplus fund of any bank or trust company now existing, the capital of which is not equal to the requirements of section 362.050, equals forty percent more than the minimum of capital for a bank or trust company in its location, one-tenth of its net income at the close of each dividend period shall be credited to the surplus fund.  2. The credit balance of the undivided profits account at the close of the dividend period may be available for dividends. The directors of any bank or trust company may from time to time declare such dividends as they shall judge expedient from the undivided profits.  3. No bank or trust company shall declare, credit or pay any dividend to its stockholders until it shall have made good any existing impairment of its capital, and all officers or directors of the bank or trust company who shall assent to declaring and paying a dividend while the capital stock is so impaired shall be jointly and severally liable to the creditors of the bank or trust company to the amount of the dividend for any loss resulting from the payment of the dividend. ­­-------- (RSMo 1939 § 7971, A.L. 1967 p. 445, A.L. 2005 H.B. 707)  Prior revisions: 1929 § 5376; 1919 § 11759