reglab/housing_qa huggingface dataset:
MO Rev Stat § 368.020 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 368 - Loan and Investment Companies|Section 368.020 - Corporations, how organized.

Effective - 28 Aug 1957   368.020. Corporations, how organized. — Corporations may be organized in the same manner as general and business corporations, under chapter 351, except as otherwise herein provided. ­­-------- (RSMo 1939 § 5419, A.L. 1957 p. 212)  Prior revisions: 1929 § 4980; 1919 § 10190
MO Rev Stat § 368.030 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 368 - Loan and Investment Companies|Section 368.030 - Capital stock.

Effective - 28 Aug 1957   368.030. Capital stock. — The aggregate amount of the capital stock of any loan and investment company organized under this chapter shall not be more nor less than is provided for in the case of general and business corporations. ­­-------- (RSMo 1939 § 5420, A.L. 1957 p. 212)  Prior revisions: 1929 § 4981; 1919 § 10191
MO Rev Stat § 368.050 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 368 - Loan and Investment Companies|Section 368.050 - Violators of section 368.040 shall be guilty of misdemeanor.

Effective - 28 Aug 1943   368.050. Violators of section 368.040 shall be guilty of misdemeanor. — Any corporation organized under the provisions of this chapter, or any officer or employee thereof, who shall violate any of the provisions of section 368.040 shall be deemed guilty of a misdemeanor. ­­-------- (RSMo 1939 § 5422, A.L. 1943 p. 502)
MO Rev Stat § 368.060 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 368 - Loan and Investment Companies|Section 368.060 - Refund of interest on loans upon which interest has been paid in advance.

Effective - 28 Aug 1943   368.060. Refund of interest on loans upon which interest has been paid in advance. — Whenever a loan upon which interest has been collected in advance, shall be paid in full before maturity thereof, the licensee shall allow or refund to the maker or makers a sum equivalent to interest, at the same rate as charged on the loan, calculated on the total amount of the unpaid installments or any evidence or certificate of indebtedness or investment hypothecated on such loan, anticipated for the period from the date of such payment to the maturity of the last installment so anticipated. ­­-------- (L. 1943 p. 502 § 5422a)
MO Rev Stat § 368.070 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 368 - Loan and Investment Companies|Section 368.070 - Limitation of powers.

Effective - 28 Aug 1943   368.070. Limitation of powers. — No loan and investment company shall:  (1) Hold the obligation of any person, firm or corporation for money borrowed, for an amount exceeding ten percent of the paid-in capital stock of such loan and investment company, and its surplus and undivided profit combined. The provisions of this section shall not apply to loans secured by collateral so long as the market value of such collateral shall exceed by twenty percent the total liabilities secured in each case by such collateral, but no loan on collateral shall at any time exceed twenty percent of the paid-in capital stock of such loan and investment company and its surplus and undivided profits combined.  (2) Make any loan under the provisions of this chapter for a longer period than eighteen months from the date thereof.  (3) Deposit any of its funds in any banking corporation, unless such corporation has been designated as such depositary by a vote of a majority of the directors or of the executive committee, exclusive of any director who is an officer, director or trustee of the depositary so designated, present at any meeting duly called at which a quorum is in attendance. ­­-------- (RSMo 1939 § 5423, A.L. 1943 p. 502)  Prior revisions: 1929 § 4983; 1919 § 10193
MO Rev Stat § 368.080 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 368 - Loan and Investment Companies|Section 368.080 - Corporations not to engage in banking.

Effective - 28 Aug 1939   368.080. Corporations not to engage in banking. — Nothing in this chapter and none of the powers conferred upon corporations organized hereunder shall be construed as authorizing such corporations to receive money on deposit or engage in banking within the meaning of section 362.420. ­­-------- (RSMo 1939 § 5424)  Prior revisions: 1929 § 4984; 1919 § 10194
MO Rev Stat § 369.010 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.010 - Short title.

Effective - 28 Aug 1971   369.010. Short title. — Sections 369.010 to 369.369 may be cited as the "Savings and Loan Law". ­­-------- (L. 1945 p. 1578 § 2, A. 1949 H.B. 2090, A.L. 1971 S.B. 3 § A)
MO Rev Stat § 369.019 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.019 - Incorporation, requirements, procedure, contents of petition, fees.

Effective - 28 Aug 2019, 2 histories   369.019. Incorporation, requirements, procedure, contents of petition, fees. — 1. Any five or more individuals, hereinafter referred to as incorporators, who are residents of this state may form an association to promote thrift and home financing. Any such association may be a mutual association or a capital stock association and shall have all the rights, powers, and privileges set out in sections 369.010 to 369.369, and shall be subject to all the restrictions, liabilities, and required approvals as provided in sections 369.010 to 369.369.  2. The incorporators shall file a petition for a certificate of incorporation, in such form as may be required, with the director of the division of finance. The petition shall be signed by the incorporators and shall be acknowledged before an officer competent to take acknowledgments of deeds. An incorporation fee of five cents per one hundred dollars of the capital of a mutual association or of the authorized capital stock of a capital stock association shall accompany each petition.  3. The petition shall set forth:  (1) The names and addresses of the incorporators, the initial stockholders, if any, and the directors, with a statement of their character, experience, and general fitness to engage in the savings and loan business;  (2) An itemized statement of the estimated receipts and expenditures of the proposed association for the first year or such longer period as the director of the division of finance in the director's discretion may require; and  (3) A showing that there is a necessity for the proposed association in the area to be served by it.  4. The articles of incorporation shall set forth:  (1) The name of the proposed association;  (2) The address at which such association is to be located;  (3) If a mutual association, the amount of the initial account subscriptions to be paid in before commencing business, or, if a stock association, the amount to be paid in for its capital stock, which shall not be less than the amounts stated in section 369.034;  (4) The duration of its existence which shall be perpetual;  (5) The purposes of the proposed association;  (6) The number of directors which shall be not more than fifteen nor less than five;  (7) The names of the incorporators to be its directors until the first annual meeting; and  (8) Any other provisions, not inconsistent with law, which the incorporators may choose to insert.  5. The incorporators shall submit with their petition such additional statements, exhibits, maps and other data as the director of the division of finance may require, all of which shall be sufficiently detailed and comprehensive to enable the director of the division of finance to pass upon the petition as to the criteria set out in section 369.024. ­­-------- (L. 1971 S.B. 3 § 3, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165, A.L. 2019 S.B. 179)
MO Rev Stat § 369.029 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.029 - Perpetual existence, when commenced.

Effective - 28 Aug 1971   369.029. Perpetual existence, when commenced. — The corporate existence of an association shall begin on the date the secretary of state issues the certificate of incorporation of the association, and such existence shall be perpetual unless terminated in accordance with the provisions of sections 369.010 to 369.369. ­­-------- (L. 1971 S.B. 3 § 5)
MO Rev Stat § 369.034 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.034 - Incorporation fee, how computed, bond required.

Effective - 06 Jul 1994   369.034. Incorporation fee, how computed, bond required. — 1. The incorporators shall appoint one of their number as chairman. The incorporators of a mutual association, before a certificate of incorporation is issued, shall pay in cash to the chairman, as the initial accounts of the proposed association, an amount, fixed as follows in relation to the population of the city, or the largest city in the county, in which the home office of the association is to be located:  (1) In a county having no city in excess of ten thousand population, the minimum sum of one hundred thousand dollars;  (2) In a city not in excess, or a county having no city in excess, of one hundred thousand population, the minimum sum of three hundred thousand dollars;  (3) In all other cities or counties, the minimum sum of five hundred thousand dollars; but the director of the division of finance may, in the director's discretion, require a larger amount to be paid in. The population shall be determined by the director of the division of finance based upon the latest federal census.  2. The initial stockholders of a capital stock association, before a certificate of incorporation is issued, shall pay in cash to the chairman of the incorporators a minimum amount in subscriptions for capital stock determined and fixed by the director of the division of finance.  3. The chairman of the incorporators shall be bonded by a fidelity insurance company licensed to do business in this state, in the form approved by the director of the division of finance, ensuring proper application of all funds and in an amount equal to the amount subscribed by the incorporators plus the expense fund or the paid-in surplus. The bond shall name the director of the division of finance as obligee and shall be delivered to the director and shall be in such form as to permit suit thereon by any interested person. ­­-------- (L. 1971 S.B. 3 § 6, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165)  Effective 7-06-94
MO Rev Stat § 369.039 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.039 - Expense fund, mutual associations, purpose, amount — contributions, how repaid — associations exempted, when.

Effective - 06 Jul 1994   369.039. Expense fund, mutual associations, purpose, amount — contributions, how repaid — associations exempted, when. — 1. The incorporators of a mutual association shall also create an expense fund in an amount not less than one-half of the amount of initial accounts required by section 369.034 from which the expense of organizing the association and its operating expenses may be paid until such time as its net income is sufficient to pay such earnings as may be declared. The incorporators, before a certificate of incorporation is issued, shall pay to the chairman of the incorporators in cash the amount of the expense fund. The amounts contributed to the expense fund shall constitute loans to the association.  2. Contributions made to the expense fund may be repaid pro rata to the contributors from the net income of the association after provision for statutory reserves and payment of earnings on accounts. In case of the liquidation of an association before contributions to the expense fund have been repaid, any contributions to the expense fund remaining unexpended shall be repaid to the contributors pro rata after payment of all claims, including accounts, but before payment of reserves. Contributors to the expense fund shall be paid interest on the amounts contributed by them.  3. This section shall not apply to an association which has obtained a firm commitment for insurance of its accounts from the Federal Deposit Insurance Corporation or any successor thereof or from any other insurer approved by the director of the division of finance. ­­-------- (L. 1971 S.B. 3 § 7, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165)  Effective 7-06-94
MO Rev Stat § 369.044 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.044 - Bylaws, when and how adopted — approval by members.

Effective - 06 Jul 1994   369.044. Bylaws, when and how adopted — approval by members. — Within thirty days after the corporate existence of an association begins, or within such additional time as the director of the division of finance may allow, the directors of the association shall hold an organization meeting at which time they shall elect officers, adopt the bylaws, and take such other action as is appropriate. The bylaws may contain provisions for the regulation and management of the affairs of the association not inconsistent with law or the articles of incorporation. The board of directors may adopt, alter, amend and repeal the bylaws subject to the power of the members of a mutual association or stockholder of a capital stock association to change such action at any meeting of members, but no change by the members or stockholders shall affect any action taken prior thereto. The director of the division of finance shall be notified of any amendment to the bylaws within ten days after adoption by the board of directors and no amendment shall become effective until approved by the director of the division of finance. Failure to disapprove within twenty days shall constitute approval. ­­-------- (L. 1971 S.B. 3 § 8, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165)  Effective 7-06-94
MO Rev Stat § 369.049 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.049 - Name may include what, exceptions — deceptive names prohibited — amending charter for name changes — violations, injunction.

Effective - 28 Aug 2021, 2 histories   369.049. Name may include what, exceptions — deceptive names prohibited — amending charter for name changes — violations, injunction. — 1. The name of every association may include either the words "Savings Association", or "Savings and Loan Association", except for associations domiciled in Missouri at the time sections 369.010 to 369.369 become law that use in their name "Building and Loan Association" or "Loan and Building Association". No name shall be used which is likely to mislead the public as to the character or purpose of the association or which indicates it is authorized to perform an act or conduct any business which is forbidden to it by law. The name of the association shall not be the same as nor deceptively similar to that of any other corporation authorized to transact business in this state, except in the case of an association formed by the reincorporation, reorganization, or consolidation of other associations, or upon the sale of the property or business of an association.  2. Notwithstanding the provisions of sections 362.421 and 362.425, any association may amend its charter to change its name or in the case of a new charter, may adopt a name, which includes the words "Savings Bank", in lieu of the words "Savings and Loan Association" or "Savings Association". For purposes of this chapter, the term "association" shall include savings banks. The procedure for adopting the name "savings bank" shall be as provided in section 369.059.  3. No person, firm, or corporation, either domestic or foreign, unless authorized to do business in this state under the provisions of sections 369.010 to 369.369 shall do business under any name or title which indicates or reasonably implies that the business is the character or kind of business carried on or transacted by an association or which is likely to lead any person to believe that the business is that of an association. Upon application by the director of the division of finance or any association, a court of competent jurisdiction may issue an injunction to restrain any such entity from violating or continuing to violate any of the foregoing provisions of this subsection. ­­-------- (L. 1971 S.B. 3 § 9, A.L. 1990 H.B. 1456, A.L. 1994 H.B. 1165, A.L. 2021 S.B. 106)
MO Rev Stat § 369.054 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.054 - Office, location of — approval to establish or move, when — closing a branch office, notice.

Effective - 06 Jul 1994   369.054. Office, location of — approval to establish or move, when — closing a branch office, notice. — Without the prior approval of the director of the division of finance, as provided in sections 369.010 to 369.369, no association shall establish any office other than its home office. An association may move an office which has been operated at its present location two years not more than one mile without approval of the director of the division of finance. Any other office relocation shall be subject to such regulations as the director of the division of finance may prescribe. An association shall notify the director not less than sixty days, or in the case of emergency, as early as circumstances permit, before closing a branch office. ­­-------- (L. 1971 S.B. 3 § 10, A.L. 1983 H.B. 570, A.L. 1994 H.B. 1165)  Effective 7-06-94
MO Rev Stat § 369.059 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.059 - Amendment of articles of incorporation, procedure.

Effective - 28 Aug 2019, 2 histories   369.059. Amendment of articles of incorporation, procedure. — Subject to the approval of the director of the division of finance, every association may amend its articles of incorporation upon the adoption of a resolution covering each amendment by the affirmative votes of a majority of the members of a mutual association or a majority of the stockholders of a capital stock association who are present in person or by proxy at any annual or special meeting of the members or stockholders. Each proposed amendment shall be filed with the director of the division of finance not less than thirty days prior to the date of such meeting. If the director of the division of finance finds that the proposed amendment is in conformity with the law, the director shall approve the amendment not less than fifteen days prior to the members' meeting. The resolution or resolutions, certified by the president and secretary of the association under its corporate seal as one instrument shall be filed with the director of the division of finance, who shall file the documents with the secretary of state with all required fees, whereupon the secretary of state shall issue and return to the association a certificate as to such amendment or amendments. ­­-------- (L. 1971 S.B. 3 § 11, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165, A.L. 2019 S.B. 179)
MO Rev Stat § 369.064 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.064 - Failure to commence business within six months, effect of.

Effective - 06 Jul 1994   369.064. Failure to commence business within six months, effect of. — Any association which shall not commence business within six months after the date upon which its corporate existence begins shall forfeit its corporate existence, unless the director of the division of finance, before the expiration of such six months' period, has approved an extension of time within which it may commence business, upon a written application stating the reasons for the delay. Upon such forfeiture all action taken in connection with the incorporation of the association except the payment of the incorporation fee shall become void. Amounts paid on accounts and on the expense fund of a mutual association and amounts paid on stock subscriptions of a capital stock association, less proper expenditures, shall be returned pro rata to the owners thereof. A certificate reciting the forfeiture shall be delivered by the director of the division of finance to the secretary of state. ­­-------- (L. 1971 S.B. 3 § 12, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165)  Effective 7-06-94
MO Rev Stat § 369.074 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 369 - Savings and Loan Associations|Section 369.074 - Conversion to state association, procedure, effect of.

Effective - 28 Aug 2019, 2 histories   369.074. Conversion to state association, procedure, effect of. — At a meeting of the members of a mutual association or of the stockholders of a capital stock association, any federal association may convert itself into an association under sections 369.010 to 369.369 upon a vote of the majority of the votes of the members or of the stockholders cast in person or by proxy at such meeting. Copies of the minutes of the proceedings of the meeting of the members, verified by the affidavit of the secretary of the federal association, shall be filed in the office of the director of the division of finance and mailed to the Office of Thrift Supervision or any successor thereto within ten days after the meeting and shall be presumptive evidence of the holding and action of the meeting. At the meeting the members or stockholders also shall elect the persons to serve as directors of the association after conversion takes place. The persons so designated as directors shall execute the articles of incorporation in form as required by sections 369.010 to 369.369, together with the proposed bylaws, and deliver them to the director of the division of finance. If the director of the division of finance finds the articles of incorporation in proper form, the director shall endorse thereon the statement, "This association is a conversion from a federal association.", and forward the articles of incorporation to the secretary of state who, thereupon, shall issue a certificate of incorporation. The director of the division of finance, by regulation, may provide for the procedure to be followed in carrying out the conversion of a federal association into an association under sections 369.010 to 369.369. All the provisions regarding property and other rights contained in section 369.069 shall apply in reverse manner to the conversion of a federal association into an association subject to sections 369.010 to 369.369. The association may continue to operate all branch offices and agencies. Neither the rights of creditors nor any liens upon the property of the federal association shall be impaired by the conversion. ­­-------- (L. 1971 S.B. 3 § 14, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165, A.L. 2019 S.B. 179)