reglab/housing_qa huggingface dataset:
MO Rev Stat § 370.020 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.020 - Certificate of organization, contents — membership shares, minimum, maximum par value.

Effective - 28 Aug 2020, 2 histories   370.020. Certificate of organization, contents — membership shares, minimum, maximum par value. — The certificate of organization shall state:  (1) The name of the proposed credit union and the city, town, or village in which its business office is located;  (2) The names and addresses of the subscribers to the certificate, and the number of shares subscribed by each;  (3) A statement that organization as a credit union is desired under this particular law;  (4) The par value of the regular shares, which shall not exceed one hundred dollars;  (5) The par value of membership shares, if any, which shall not be less than twenty-five nor more than one hundred dollars. ­­-------- (RSMo 1939 § 5521, A.L. 1941 p. 331, A.L. 1945 p. 689, A.L. 1945 p. 718, A. 1949 H.B. 2091, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099, A.L. 1984 H.B. 962, A.L. 2020 S.B. 599)  Prior revision: 1929 § 5079
MO Rev Stat § 370.030 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.030 - Bylaws, contents.

Effective - 28 Aug 2020, 2 histories   370.030. Bylaws, contents. — At the time of filing the certificate with the director of the division of credit unions, the organizers shall submit the bylaws with acknowledgment of their adoption by the organizers which shall provide:  (1) For the annual meeting, which shall take place no later than one hundred eighty days following the close of the fiscal year, the manner of notification of meetings and the conduct of the same, the number of members constituting a quorum and regulations as to voting;  (2) The number of directors, which shall not be less than five, all of whom must be members, their powers and duties, together with the duties of officers elected by the board of directors;  (3) The qualifications for membership;  (4) The number of members of the credit committee and of the supervisory committee, if elected or appointed, which shall not be less than three each, their terms of office, together with their respective powers and duties;  (5) The conditions under which shares may be issued, transferred and withdrawn, loans made and repaid, and the funds otherwise invested; and  (6) The charges, if any, which shall be made for failure to meet obligations punctually, whether or not the credit union shall have the power to borrow, the method of receipting for money, the manner of accumulating a reserve fund and determining a dividend. ­­-------- (RSMo 1939 § 5521, A.L. 1941 p. 331, A.L. 1945 p. 689, A.L. 1945 p. 718, A. 1949 H.B. 2091, A.L. 1972 S.B. 502, A.L. 1984 H.B. 962, A.L. 2020 S.B. 599)  Prior revision: 1929 § 5079
MO Rev Stat § 370.040 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.040 - Approval by director, certificate, provisional issuance, fee, examination.

Effective - 11 Jun 1985   370.040. Approval by director, certificate, provisional issuance, fee, examination. — 1. The director may approve the certificate of organization, if it is in conformity with this chapter and the bylaws, if satisfied that the proposed field of operation is favorable to the success of such credit union and that the standing of the proposed organizers is such as to give assurance that its affairs will be properly administered.  2. He shall thereupon issue to the proposed organizers a certificate of approval in triplicate, annexed respectively to the triplicates of the certificate of organization and of the bylaws. He shall retain one copy, send the second copy to the credit union, and the third copy, together with attachments, shall be filed with secretary of state.  3. Thereupon the organizers shall become and be created a corporation under the name used in the certificate of organization.  4. At the time of the issuance of the certificate, an organization fee of five dollars shall be paid to the director of revenue.  5. A certificate of organization so issued shall be provisional, and an examination will be conducted of the credit union after six months, at division expense, and after one year of operation, to determine that the credit union is a viable entity meeting minimum standards as set by the director. If it is found that the credit union has not made satisfactory progress in meeting minimum standards, the director may revoke the charter, dissolve the credit union, or merge it with another credit union as provided in this chapter. ­­-------- (RSMo 1939 § 5521, A.L. 1941 p. 331, A.L. 1945 p. 689, A.L. 1945 p. 718, A. 1949 H.B. 2091, A.L. 1972 S.B. 502, A.L. 1975 H.B. 227, A.L. 1985 H.B. 469)  Prior revision: 1929 § 5079  Effective 6-11-85
MO Rev Stat § 370.050 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.050 - Change of business location — notice — approval required.

Effective - 28 Aug 1959   370.050. Change of business location — notice — approval required. — If a credit union changes its place of business within a county, it shall notify the director promptly of the change of address. A credit union may change its place of business from one county to another within this state only with written consent of the director. ­­-------- (RSMo 1939 § 5541, A.L. 1945 p. 720, A.L. 1959 S.B. 127)  Prior revision: 1929 § 5099
MO Rev Stat § 370.060 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.060 - Amendments to bylaws, effective when.

Effective - 28 Aug 1972   370.060. Amendments to bylaws, effective when. — No amendment to the bylaws shall become operative until approved by the director of the division of credit unions and until a certified copy has been filed as original bylaws are filed. ­­-------- (RSMo 1939 § 5522, A.L. 1945 p. 718, A.L. 1972 S.B. 502)  Prior revision: 1929 § 5080
MO Rev Stat § 370.061 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.061 - Credit union commission, created, members, term, compensation — credit union representative defined.

Effective - 28 Aug 2002   370.061. Credit union commission, created, members, term, compensation — credit union representative defined. — 1. There is created in the division of credit unions a "Credit Union Commission" which shall have such powers and duties as are now or hereafter conferred upon it by law.  2. The commission shall consist of seven members who shall be appointed by the governor with the advice and consent of the senate. All members shall be residents of this state, and one of them shall be a member of the Missouri Bar in good standing. Four other members of the commission shall be credit union representatives. As used in this section, the term "credit union representative" shall mean a member of the commission who has at least five years' experience in this state as an officer, director or member of a supervisory committee of one or more credit unions and two members shall be lay members who are not involved in the administration of a financial institution. Not more than four members of the commission shall be members of the same political party.  3. Effective March 25, 2005, the first three commissioners appointed, two of whom shall be credit union representatives, shall have a term expiring January 1, 2007. The next two commissioners appointed, one of whom shall be a credit union representative, shall have a term expiring January 1, 2009. The final two commissioners appointed, one of whom shall be a credit union representative, and all subsequent commissioners shall serve a six-year term. Members shall serve until their successors are duly appointed and have qualified. Each member of the credit union commission shall serve for the remainder of the term for which the member was appointed to the commission. The commission shall select its own chairman and secretary. Vacancies in the commission shall be filled for the unexpired term in the same manner as in the case of an original appointment.  4. The members of the commission shall receive as compensation the sum of one hundred dollars per day while discharging their duties, and they shall be reimbursed for their actual and necessary expenses incurred in the performance of their duties.  5. A majority of the members of the commission shall constitute a quorum and the decision of a majority of a quorum shall be the decision of the commission. The commission shall meet upon call of its chairman, or of the director of the division of credit unions, or of any three members of the commission, and may meet at any place in this state. ­­-------- (L. 1998 H.B. 1323, A.L. 2002 H.B. 1921)
MO Rev Stat § 370.062 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.062 - Duties.

Effective - 28 Aug 1998   370.062. Duties. — The credit union commission shall:  (1) Approve or disapprove each regulation proposed by the director of the division of credit unions;  (2) Hear and determine any appeal from an order or decision by the director of the division of credit unions pertaining to the chartering, relocation, branching or membership of credit unions; and  (3) Consult with and advise the director on matters pertaining to the organization, operation, and supervision of credit unions. ­­-------- (L. 1998 H.B. 1323)
MO Rev Stat § 370.071 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.071 - Additional powers of a credit union — membership fee allowed, when.

Effective - 28 Aug 2020, 2 histories   370.071. Additional powers of a credit union — membership fee allowed, when. — A credit union may have the following additional powers:  (1) To contract for group insurance plans, approved by the state of Missouri, on behalf of members electing to participate in such insurance programs and to charge a fee for providing such services;  (2) To exercise such additional powers, with the approval of the director, as federally chartered credit unions may be authorized under federal statutes; however, this section shall not apply to field of membership provisions within this chapter;  (3) To hold membership in central credit unions whose field of membership includes credit unions, and to invest funds in shares of corporations to aid the liquidity of credit unions;  (4) To act as the fiscal or transfer agent of the United States, of any state, municipality, or political subdivision and in such capacity to receive and disburse money, to transfer, register and countersign certificates of stock, bonds and other evidences of indebtedness;  (5) Notwithstanding any other law to the contrary, a credit union may charge initial and/or recurring membership fees, provided such fees have been approved by a majority of the membership in attendance at any regular or special meeting or by a mail or electronic ballot as provided in the credit union bylaws, after notice of the purpose thereof shall have been mailed or delivered to each member, at least seven days and no longer than sixty days prior to the date of such meeting. Such membership fees shall not be construed as reserve income but shall be used at the sole discretion of the board of directors for the benefit of the credit union. ­­-------- (L. 1977 H.B. 48, A.L. 1978 S.B. 746, A.L. 1986 H.B. 1193, A.L. 1991 H.B. 180, A.L. 2007 S.B. 591, A.L. 2020 S.B. 599)
MO Rev Stat § 370.072 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.072 - Safe deposit boxes, to have same rights, powers and duties as bank and trust companies.

Effective - 28 Aug 1994   370.072. Safe deposit boxes, to have same rights, powers and duties as bank and trust companies. — All credit unions regulated by this chapter shall have the same rights, powers and duties relating to safe deposit boxes as provided to banks and trust companies in chapter 362. ­­-------- (L. 1994 H.B. 1312)
MO Rev Stat § 370.073 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.073 - Fee or service charge authorized, when.

Effective - 28 Aug 2015, 2 histories   370.073. Fee or service charge authorized, when. — 1. A credit union may impose fees or service charges on deposit accounts or similar accounts; however, such fees or service charges are subject to such conditions or requirements that may be fixed by regulations pursuant to this chapter by the director of credit union supervision and the credit union commission. 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. 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.  3. 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 § 370.171 merged with S.B. 346 § 370.171, A.L. 2011 H.B. 83, A.L. 2015 S.B. 524)
MO Rev Stat § 370.075 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.075 - Investment of credit union funds.

Effective - 28 Aug 1988   370.075. Investment of credit union funds. — 1. A credit union by action of its board of directors or the executive committee of the board of directors or an investment committee of the credit union, if the power has been delegated to either committee, may invest its funds in any of the following designated securities:  (1) Obligations of the United States of America or securities fully guaranteed as to principal and interest thereby;  (2) Bonds of the state of Missouri or bonds of any other state in the union provided that the state has not, within ten years previous to the making of the investments by the credit union, defaulted in the payment of any part of either principal or interest thereon;  (3) Bonds of any town, city, county or school district of this state that has not, within ten years previous to the making of the investment by the credit union, defaulted in the payment of any part of either principal or interest thereof provided the town, city, county or school district has been in existence for a period of at least ten years;  (4) Saving share accounts of federal and state chartered savings and loan associations holding certificates of insurance from the Federal Savings and Loan Insurance Corporation;  (5) Shares of other credit unions or credit union associations incorporated under the laws of this state, or of the United States, including shares of a credit union financial agency organized under the laws of this state or of the United States;  (6) Capital stocks of corporations solely and exclusively established to assist credit union operation in bookkeeping and accounting, consumer counseling for members and the insuring of member accounts;   (7) Such other securities and in such amounts as may be approved from time to time by the director of the division of credit unions. Any securities purchased while so approved may be retained if the approval is later withdrawn.  2. No investment in any single type of securities specified in this section, except funds in central credit unions and those securities specified in subdivision (1) of subsection 1 of this section, shall exceed twenty-five percent of the capital, surplus, and reserve fund of the credit union making the investment, nor shall any credit union invest more than five percent of its capital, surplus, and reserve funds in capital stocks specified in subdivision (6) of subsection 1 of this section. ­­-------- (L. 1965 p. 566, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099, A.L. 1988 H.B. 1097)
MO Rev Stat § 370.082 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.082 - Retroactive applicability.

Effective - 28 Aug 2007   370.082. Retroactive applicability. — 1. Notwithstanding any law or court decision to the contrary, all credit unions shall have the right to continue to include in their field of membership all persons, groups and geographic areas that were included or were applied for as of April 1, 1998.  2. Any geographic area credit union that was granted a field of membership expansion after April 1, 1998, and before March 24, 2006, may include in its field of membership the county, counties, or the city not within a county where branch offices are located so long as the branch offices were open and in operation prior to April 15, 2007.  3. Any geographic area credit union that was granted a field of membership expansion after April 1, 1998, that is consistent with the field of membership expansion provisions of this chapter, shall be allowed to:  (1) Retain the expansion or expansions in its field of membership; and  (2) Serve the county, or the city not within a county, where the credit union main office is located. ­­-------- (L. 1998 H.B. 1323, A.L. 2007 S.B. 591)
MO Rev Stat § 370.085 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.085 - Membership shares, uses — valuation — withdrawal — redemption — dividends.

Effective - 07 Mar 1991   370.085. Membership shares, uses — valuation — withdrawal — redemption — dividends. — 1. Membership shares may, with the approval of the director of the division of credit unions, be utilized to fulfill required reserves, operating deficiencies, and satisfy the contractual arrangements of share insurers or guarantors. Notwithstanding the provisions of subsection 3 of section 370.340, payment for such shares, upon demand, may be delayed or withheld without notice, in whole or in part, by order of board of directors or director of division of credit unions to ensure the safe and sound operations of the credit union or to fulfill contractual commitments. When the value of membership shares is impaired, the board of directors, under the direction of the director of credit unions, shall immediately revalue membership shares in proportion to the change of the aggregate value of such shares. The value of membership shares so affected shall hold constant until such subsequent time as the financial condition of the credit union causes a revaluation of membership shares to reflect further impairments or the recovery of prior devaluations as determined by the board of directors with the approval of the director of the division of credit unions.  2. A member of a credit union desiring to withdraw from the credit union or to redeem membership shares must file a written application with the credit union, in such form and manner as the board of directors may determine, and as the insurer or guarantor may impose as a condition of insurance or guarantee.  3. The share balance in the member's membership share account shall be paid to such member only as funds therefor become available and after deducting any amounts due the credit union by the member, including any fees, impaired balance, notes or obligations outstanding, whether mature or unmatured, or other indebtedness or obligation of that member to the credit union.  4. The procedures established by the board of directors of the credit union for the redemption or withdrawal of the membership share shall not be amended or varied without the written consent of the director of the division of credit unions.  5. The board of directors may authorize dividends, after provision for required reserves, to be paid on membership shares. A dividend need not be paid on membership shares, but if such a dividend is paid, it may, at the option of the board of directors, be added to the membership share held by each member, and may not be subject to withdrawal until some future time to be determined by the board of directors, or upon termination of membership. ­­-------- (L. 1985 H.B. 469, A.L. 1991 H.B. 180)  Effective 3-07-91
MO Rev Stat § 370.088 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.088 - Branches required to be located in geographic area of the credit union.

Effective - 28 Aug 2007   370.088. Branches required to be located in geographic area of the credit union. — Any geographic area credit union-owned branch where deposits or shares are accepted for member's accounts, loan applications are accepted, or loans are disbursed shall be located in the geographic area of that credit union. ­­-------- (L. 2007 S.B. 591)
MO Rev Stat § 370.090 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.090 - Operation without having filed certificate of approval prohibited.

Effective - 28 Aug 1972   370.090. Operation without having filed certificate of approval prohibited. — No credit union shall operate in this state until it has filed with the secretary of state a copy of the certificate of approval issued to it by the director of the division of credit unions. ­­-------- (RSMo 1939 § 5526, A.L. 1945 p. 689, A.L. 1945 p. 720, A. 1949 H.B. 2091, A.L. 1972 S.B. 502)  Prior revision: 1929 § 5084