reglab/housing_qa huggingface dataset:
MO Rev Stat § 361.600 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.600 - Duties of director where stockholders elect another to liquidate.

Effective - 28 Aug 2000   361.600. Duties of director where stockholders elect another to liquidate. — 1. In case the stockholders shall determine to appoint an agent or agents to continue such liquidation, they shall thereupon select by ballot such agent or agents. A majority of the stock present and voting in person or by proxy shall be necessary to determine such question.  2. If such agent or agents shall be duly elected by the stockholders, the director may require such agent or agents to execute and deliver to him a bond to the state, in such amount, with such sureties, and in such form as shall be approved by him, conditioned upon the performance of all the duties of his or her or their trust; and thereupon the director shall transfer and deliver to such agent or agents all the assets of such corporation then remaining in his or her hands.  3. Upon such transfer and delivery, the director shall be discharged from any and all further liability to such corporation and its creditors.  4. Upon the transfer and delivery of said assets by the director, he or she shall file a certified copy of the proceedings of said meeting in the public records of the division of finance.  5. No powers specially set out in its articles of association shall be exercised by such corporation after the director has filed such certified copy in his or her office. ­­-------- (RSMo 1939 § 7935, A.L. 2000 S.B. 896)  Prior revisions: 1929 § 5340; 1919 § 11723
MO Rev Stat § 361.700 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.700 - Sale of checks law, how cited — definitions.

Effective - 28 Aug 2002   361.700. Sale of checks law, how cited — definitions. — 1. Sections 361.700 to 361.727 shall be known and may be cited as the "Sale of Checks Law".  2. For the purposes of sections 361.700 to 361.727, the following terms mean:   (1) "Check", any instrument for the transmission or payment of money and shall also include any electronic means of transmitting or paying money;   (2) "Director", the director of the division of finance;   (3) "Licensee", any person duly licensed by the director pursuant to sections 361.700 to 361.727;   (4) "Person", any individual, partnership, association, trust or corporation. ­­-------- (L. 1984 H.B. 1374 §§ 1, 2, A.L. 2002 S.B. 895)
MO Rev Stat § 361.705 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.705 - License required to issue checks for consideration, exceptions — violations, penalty.

Effective - 28 Aug 1984   361.705. License required to issue checks for consideration, exceptions — violations, penalty. — 1. No person shall issue checks in this state for a consideration without first obtaining a license from the director; provided, however, that sections 361.700 to 361.727 shall not apply to the receipt of money by an incorporated telegraph company at any office or agency of such company for immediate transmission by telegraph nor to any bank, trust company, savings and loan association, credit union, or agency of the United States government.  2. Any person who violates any of the provisions of sections 361.700 to 361.727 or attempts to sell or issue checks without having first obtained a license from the director shall be deemed guilty of a class A misdemeanor. ­­-------- (L. 1984 H.B. 1374 §§ 3, 14)
MO Rev Stat § 361.707 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.707 - Application for license, content — investigation fee, applied to license fee, when.

Effective - 28 Aug 2015   *361.707. Application for license, content — investigation fee, applied to license fee, when. — 1. Each application for a license pursuant to sections 361.700 to 361.727 shall be in writing and under oath to the director in such form as he may prescribe. The application shall state the full name and business address of:  (1) The proprietor, if the applicant is an individual;  (2) Every member, if the applicant is a partnership or association;  (3) The corporation and each officer and director thereof, if the applicant is a corporation.  2. Each application for a license shall be accompanied by an investigation fee of three hundred dollars. If the license is granted the investigation fee shall be applied to the license fee for the first year. No investigation fee shall be refunded. ­­-------- (L. 1984 H.B. 1374 §§ 4, 5, A.L. 2015 H.B. 587 merged with S.B. 345)  Effective 8-28-15 (H.B. 587)  *10-16-15 (S.B. 345), see § 21.250. S.B. 345 was vetoed July 7, 2015. The veto was overridden September 16, 2015.
MO Rev Stat § 361.711 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.711 - Surety bond or irrevocable letter of credit required, costs, amount, special examinations.

Effective - 28 Aug 2006   361.711. Surety bond or irrevocable letter of credit required, costs, amount, special examinations. — Each application for a license shall be accompanied by a corporate surety bond in the principal sum of one hundred thousand dollars. The bond shall be in form satisfactory to the director and shall be issued by a bonding company or insurance company authorized to do business in this state, to secure the faithful performance of the obligations of the applicant and the agents and subagents of the applicant with respect to the receipt, transmission, and payment of money in connection with the sale or issuance of checks and also to pay the costs incurred by the division to remedy any breach of the obligations of the applicant subject to the bond or to pay examination costs of the division owed and not paid by the applicant. Upon license renewal, the required amount of bond shall be as follows:  (1) For all licensees selling payment instruments or stored value cards, five times the high outstanding balance from the previous year with a minimum of one hundred thousand dollars and a maximum of one million dollars;  (2) For all licensees receiving money for transmission, five times the greatest amount transmitted in a single day during the previous year with a minimum of one hundred thousand dollars and a maximum of one million dollars. ­­If in the opinion of the director the bond shall at any time appear to be inadequate, insecure, exhausted, or otherwise doubtful, additional bond in form and with surety satisfactory to the director shall be filed within fifteen days after notice of the requirement is given to the licensee by the director. An applicant or licensee may, in lieu of filing any bond required under this section, provide the director with an irrevocable letter of credit, as defined in section 400.5-103, issued by any state or federal financial institution. Whenever in the director's judgment it is necessary or expedient, the director may perform a special examination of any person licensed under sections 361.700 to 361.727 with all authority under section 361.160 as though the licensee were a bank. The cost of such examination shall be paid by the licensee. ­­-------- (L. 1984 H.B. 1374 § 6, A.L. 1989 H.B. 386, A.L. 2006 S.B. 892)
MO Rev Stat § 361.715 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.715 - License issued upon investigation, when — fee — charge for applications to amend and reissue.

Effective - 28 Aug 2015   *361.715. License issued upon investigation, when — fee — charge for applications to amend and reissue. — 1. Upon the filing of the application, the filing of a certified audit, the payment of the investigation fee and the approval by the director of the necessary bond, the director shall cause, investigate, and determine whether the character, responsibility, and general fitness of the principals of the applicant or any affiliates are such as to command confidence and warrant belief that the business of the applicant will be conducted honestly and efficiently and that the applicant is in compliance with all other applicable state and federal laws. If satisfied, the director shall issue to the applicant a license pursuant to the provisions of sections 361.700 to 361.727. In processing a renewal license, the director shall require the same information and follow the same procedures described in this subsection.  2. Each licensee shall pay to the director before the issuance of the license, and annually thereafter on or before April fifteenth of each year, a license fee of three hundred dollars.  3. The director may assess a reasonable charge, not to exceed three hundred dollars, for any application to amend and reissue an existing license. ­­-------- (L. 1984 H.B. 1374 §§ 7, 8, A.L. 2006 S.B. 892, A.L. 2015 H.B. 587 merged with S.B. 345)  Effective 8-28-15 (H.B. 587)  *10-16-15 (S.B. 345), see § 21.250. S.B. 345 was vetoed July 7, 2015. The veto was overridden September 16, 2015.
MO Rev Stat § 361.718 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.718 - Reserve required — director may demand proof, when.

Effective - 28 Aug 1984   361.718. Reserve required — director may demand proof, when. — Every licensee shall at all times have on demand deposit in a federally insured depository institution or in the form of cash on hand or in the hands of his agents or in readily marketable securities an amount equal to all outstanding unpaid checks sold by him or his agents in Missouri, in addition to the amount of his bond. Upon demand by the director, licensees must immediately provide proof of such funds or securities. The director may make such demand as often as reasonably necessary and shall make such demand to each licensee, without prior notice, at least twice each license year. ­­-------- (L. 1984 H.B. 1374 § 9)
MO Rev Stat § 361.720 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.720 - Licensee may conduct business through unlicensed agents and employees.

Effective - 28 Aug 1984   361.720. Licensee may conduct business through unlicensed agents and employees. — Each licensee may conduct business at one or more locations within this state and by means of employees, agents, subagents or representatives as such licensee may designate. No license under sections 361.700 to 361.727 shall be required of any such employee, agent, subagent or representative who sells checks in behalf of a licensee. Each such agent, subagent or representative shall upon demand transfer and deliver to the licensee the proceeds of the sale of licensee's checks less the fees, if any, due such agent, subagent or representative. ­­-------- (L. 1984 H.B. 1374 § 10)
MO Rev Stat § 361.723 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.723 - Annual report filed with director, content.

Effective - 28 Aug 1984   361.723. Annual report filed with director, content. — Each licensee shall file with the director annually on or before April fifteenth of each year a statement listing the locations of the offices of the licensee and the names and locations of the agents or subagents authorized by the licensee to engage in the sale of checks of which the licensee is the issuer. ­­-------- (L. 1984 H.B. 1374 § 11)
MO Rev Stat § 361.725 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.725 - Revocation or suspension of license — grounds — procedure.

Effective - 28 Aug 1984   361.725. Revocation or suspension of license — grounds — procedure. — The director may at any time suspend or revoke a license, for any reason he might refuse to grant a license, for failure to pay an annual fee or for a violation of any provision of sections 361.700 to 361.727. No license shall be denied, revoked or suspended except on ten days' notice to the applicant or licensee. Upon receipt of such notice the applicant or licensee may, within five days of such receipt, make written demand for a hearing. The director shall thereafter hear and determine the matter in accordance with the provisions of chapter 536. ­­-------- (L. 1984 H.B. 1374 § 12)
MO Rev Stat § 361.727 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.727 - Rules — authority.

Effective - 28 Aug 2021, 2 histories   361.727. Rules — authority. — The director shall issue regulations necessary to carry out the intent and purposes of sections 361.700 to 361.727, pursuant to the provisions of section 361.105 and chapter 536. ­­-------- (L. 1984 H.B. 1374 § 13, A.L. 1993 S.B. 52, A.L. 2021 S.B. 106)
MO Rev Stat § 361.729 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 361 - Division of Finance and Powers of Director of Finance|Section 361.729 - Persons, firms, and corporations not subject to administrative penalty for acts performed in reliance on written interpretations.

Effective - 28 Aug 1992   361.729. Persons, firms, and corporations not subject to administrative penalty for acts performed in reliance on written interpretations. — Any other provisions of the law to the contrary notwithstanding, any person, firm or corporation shall not be subject to any administrative proceeding or penalty for any acts or omissions done in reliance on a written interpretation of any sections of chapter 408, by the division of finance, which is applicable to a specific set of facts originally proposed by the person, firm or corporation prior to committing such acts or omissions. ­­-------- (L. 1992 S.B. 705 § 9)
MO Rev Stat § 362.011 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.011 - Trust business not engaged in, when — prohibition on use of words "trust company", when.

Effective - 28 Aug 2002   362.011. Trust business not engaged in, when — prohibition on use of words "trust company", when. — 1. For the purposes of this chapter, a person does not engage in the trust business by:  (1) The rendering of fiduciary services by an attorney-at-law admitted to the practice of law in this state;  (2) Rendering services as a certified or registered public accountant in the performance of duties as such;  (3) Acting as a trustee or receiver in bankruptcy;  (4) Engaging in the business of an escrow agent;  (5) Receiving rents and proceeds of sale as a licensed real estate broker on behalf of the principal;  (6) Acting as trustee under a deed of trust made only as security for the payment of money or for the performance of another act;  (7) Acting in accordance with its authorized powers as a religious, charitable, educational, or other not-for-profit corporation or as a charitable trust or as an unincorporated religious organization;  (8) Engaging in securities transactions as a dealer or salesman;  (9) Acting as either a receiver under the supervision of a court or as an assignee for the benefit of creditors under the supervision of a court; or  (10) Engaging in such other activities that the director may prescribe by rule.  2. Persons consigned to be not engaged in the trust business pursuant to subsection 1 of this section shall not use the words "trust company" as part of any artificial or corporate name or title nor shall such persons engage in any other conduct that violates section 362.425. ­­-------- (L. 2002 H.B. 1537 merged with S.B. 742)
MO Rev Stat § 362.015 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.015 - No private banks shall be established — who may incorporate — when.

Effective - 28 Aug 1984   362.015. No private banks shall be established — who may incorporate — when. — 1. From and after the passage of this law no private banks shall be established in this state.  2. When authorized by the finance director as provided in section 362.035 any five or more persons who shall have associated themselves by articles of agreement, in writing, as provided by law, for the purpose of establishing a bank or trust company may be incorporated under any name or title designating such business. Such persons may act on behalf of a bank holding company. ­­-------- (RSMo 1939 §§ 7939, 7999, A.L. 1967 p. 445, A.L. 1984 H.B. 1373)  Prior revisions: 1929 § 5344; 1919 § 11727; 1909 § 1092
MO Rev Stat § 362.020 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.020 - Articles of agreement — contents.

Effective - 28 Aug 2002   362.020. Articles of agreement — contents. — 1. The articles of agreement mentioned in this chapter shall set out:  (1) The corporate name of the proposed corporation. The corporate name shall not be a name, or an imitation of a name, used within the preceding fifty years as a corporate title of a bank or trust company incorporated in this state;  (2) The name of the city or town and county in this state in which the corporation is to be located;  (3) The amount of the capital stock of the corporation, the number of shares into which it is divided, and the par value thereof; that the same has been subscribed in good faith and all thereof actually paid up in lawful money of the United States and is in the custody of the persons named as the first board of directors or managers;  (4) The names and places of residences of the several shareholders and number of shares subscribed by each;  (5) The number and the names of the first directors;  (6) The purposes for which the corporation is formed;  (7) Any provisions relating to the preemptive rights of a shareholder as provided in section 351.305.  2. The articles of agreement may designate the number of directors necessary to constitute a quorum, and may provide for the number of years the corporation is to continue, or may provide that the existence of the corporation shall continue until the corporation shall be dissolved by consent of the stockholders or by proceedings instituted by the state under any statute now in force or hereafter enacted. ­­-------- (RSMo 1939 § 7940, A.L. 1949 p. 280, A.L. 1967 p. 445, A.L. 2002 S.B. 895)  Prior revisions: 1929 § 5345; 1919 § 11728; 1909 § 1093
MO Rev Stat § 362.023 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.023 - Trust company may refuse demand deposits by its articles of incorporation, effect of.

Effective - 28 Aug 2021, 2 histories   362.023. Trust company may refuse demand deposits by its articles of incorporation, effect of. — 1. Other provisions of the law to the contrary notwithstanding, the articles of agreement of any trust company may preclude the acceptance of demand deposits, in which case the procedure for granting or denying a charter for the proposed trust company shall be as provided in sections 362.025 to 362.040, except that the determination of need and convenience as provided in section 362.030 shall be limited to the need for fiduciary services as authorized under subsection 3 of section 362.105.  2. No trust company the articles of which preclude or do not affirmatively provide for the acceptance of demand deposits, and no trust company which does not regularly accept demand deposits on September 28, 1977, shall accept demand deposits without a certificate issued by the director of finance authorizing the acceptance of demand deposits. The application for such certificate shall be treated as an application for a new charter and shall be granted or denied as provided in sections 362.030 to 362.040. ­­-------- (L. 1977 S.B. 420, A.L. 2021 S.B. 106)
MO Rev Stat § 362.025 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.025 - Articles of agreement to be filed.

Effective - 28 Aug 2019, 2 histories   362.025. Articles of agreement to be filed. — The articles of agreement shall be signed and acknowledged by the parties thereto and shall be filed with the director of finance. If the director finds the articles to be improperly drawn, he or she shall immediately return them to the parties indicating the corrections to be made. ­­-------- (RSMo 1939 § 7941, A.L. 1967 p. 445, A.L. 2000 S.B. 896, A.L. 2019 S.B. 179)  Prior revisions: 1929 § 5346; 1919 § 11729; 1909 § 1093
MO Rev Stat § 362.030 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.030 - Director to examine as to character and capital.

Effective - 28 Aug 2019, 2 histories   362.030. Director to examine as to character and capital. — 1. When any bank or trust company has filed with the director its articles of agreement, paid all incorporation and other fees in full, as required by law and provided the cash required by law, the director, before the bank or trust company shall complete its incorporation, shall cause an examination to be made to ascertain whether the requisite capital of the bank or trust company has been subscribed in good faith and paid in actual cash and is ready for use in the transaction of business of the proposed bank or trust company, and whether the character, responsibility and general fitness of the persons named in the articles of agreement and any bank holding company on whose behalf they are acting are such as to command confidence and warrant belief that the business of the proposed corporation will be conducted honestly and efficiently in accordance with the intent and purpose of this chapter; and if the convenience and needs of the community to be served justify and warrant the opening of the bank or trust company therein, and if the probable volume of business in such locality is sufficient to insure and maintain the solvency of the new bank or trust company and the solvency of the then existing banks and trust companies in the locality, without endangering the safety of any bank or trust company in the locality as a place of deposit of public and private moneys.  2. The proponents shall be liable for all expenses incurred in making the examination, including the wages and other necessary expenses of each examiner making the examination; provided, however, that if the charter is granted, this obligation may be assumed by the bank or trust company so chartered. ­­-------- (RSMo 1939 § 7942, A.L. 1941 p. 670, A. 1949 H.B. 2085, A.L. 1951 p. 283, A.L. 1959 H.B. 389, A.L. 1967 p. 445, A.L. 1984 H.B. 1373, A.L. 2019 S.B. 179)  Prior revisions: 1929 § 5347; 1919 § 11730; 1909 § 1095