reglab/housing_qa huggingface dataset:
MO Rev Stat § 370.325 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.325 - Reserves, amounts required, waived when, procedure.

Effective - 28 Aug 1984   370.325. Reserves, amounts required, waived when, procedure. — 1. Notwithstanding any other provisions in this chapter, each credit union organized under the laws of this state having membership shares shall maintain a reserve for losses on loans to members in an amount equal to at least one hundred percent of the average losses on loans over the five most recent years. The director may, upon application by a credit union, waive this reserve requirement for any credit union.  2. Each credit union organized under the laws of this state shall maintain a reserve equal to at least five percent of the membership shares, to meet contingencies or losses other than losses on loans. The director may, upon application by a credit union, waive this reserve requirement for any credit union. ­­-------- (L. 1984 H.B. 962)
MO Rev Stat § 370.328 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.328 - Reserve fund distribution, when.

Effective - 28 Aug 1984   370.328. Reserve fund distribution, when. — The required reserve funds shall be held to meet contingencies and shall not be distributed to the members except upon dissolution of the credit union or upon approval of the director. ­­-------- (L. 1984 H.B. 962)
MO Rev Stat § 370.330 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.330 - Dividends, when declared — how paid.

Effective - 28 Aug 1984   370.330. Dividends, when declared — how paid. — After allocations to required reserves, a credit union may declare dividends on general shares, membership shares, or both, at the discretion of its board of directors and as its bylaws provide. ­­-------- (RSMo 1939 § 5538, A.L. 1965 p. 569, A.L. 1969 H.B. 117, A.L. 1984 H.B. 962)  Prior revision: 1929 § 5096
MO Rev Stat § 370.340 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.340 - Expulsion and withdrawal of members — refunds.

Effective - 28 Aug 2020, 2 histories   370.340. Expulsion and withdrawal of members — refunds. — 1. At any regularly called meeting the members, by a two-thirds vote of those present, may expel from the credit union any member thereof.  2. A member may withdraw from a credit union upon request.  3. The board of directors, the president, or an executive officer designated by the board may expel a member pursuant to a written policy adopted by the board. Any person expelled shall have the right to appeal the decision pursuant to a written policy adopted by the board.  4. The share balance of an expelled or withdrawing member, with any dividends credited to his or her shares to the date of expulsion, or withdrawal, shall be paid to said member but only as funds therefor become available, and, after deducting any amounts due to the credit union by said member. The share balance of an expelled or withdrawing member, with any dividends credited to his or her shares, shall be paid to such member, subject to sixty days' notice, and after deducting any amounts due to the credit union by said member.  5. Said member, when withdrawing shares, shall have no further right in said credit union or to any of its benefits, but such expulsion or withdrawal shall not operate to relieve such member from any remaining liability to the credit union. ­­-------- (RSMo 1939 § 5539, A.L. 1945 p. 689, A.L. 1994 H.B. 1312, A.L. 2020 S.B. 599)  Prior revision: 1929 § 5097
MO Rev Stat § 370.350 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.350 - Dissolution of credit union, liquidation procedure, rulemaking authority.

Effective - 28 Aug 2020, 2 histories   370.350. Dissolution of credit union, liquidation procedure, rulemaking authority. — 1. At any meeting called for the purpose, notice of the purpose being contained in the call, three-fourths of the membership present may vote to dissolve the credit union and shall thereupon signify their consent to such dissolution in writing and shall file such consent with the director of the division of credit unions attested by a majority of its officers, with a statement of the names and addresses of the directors and officers duly verified.  2. The director of the division of credit unions shall execute a certificate to the effect that such consent and statement have been filed and that it appears therefrom that the credit union has complied with this section.  3. Such certificate shall be filed by the director in the office of the secretary of state.  4. The director shall then appoint the share insurer or guarantor of the credit union, or other suitable person or persons, or entities, as liquidating agent, who shall proceed to liquidate the credit union by procedures as defined by rules and regulations.  5. The director of the division of credit unions is authorized to promulgate rules and regulations concerning the dissolution of credit unions and, upon the termination of such credit union, and upon notice to the director from his or her appointed liquidating agent, the director of the division of credit unions shall notify the secretary of state of such final dissolution.  6. No rule or portion of a rule promulgated under the authority of this chapter shall become effective unless it has been promulgated pursuant to the provisions of section 536.024.  7. The director of the division of credit unions, with the consent of another credit union, may transfer the existing membership and related field of membership of a credit union in dissolution to the second credit union and the liquidating agent, upon receiving notice of such action, shall forward its records of the members so to be transferred to the second credit union.  8. Notwithstanding any other provisions of this section, following a membership vote to dissolve the credit union, the director of the division of credit unions, or his or her appointee, may at the request of the board of directors proceed to bring about an orderly dissolution of the credit union as provided in subsection 4 of this section. ­­-------- (RSMo 1939 § 5540, A.L. 1945 p. 720, A.L. 1972 S.B. 502, A.L. 1985 H.B. 469, A.L. 1993 S.B. 52, A.L. 1995 S.B. 3, A.L. 2020 S.B. 599)  Prior revision: 1929 § 5098
MO Rev Stat § 370.351 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.351 - Credit unions may merge — directors to approve plan, procedure.

Effective - 28 Aug 1988   370.351. Credit unions may merge — directors to approve plan, procedure. — 1. Any two or more credit unions formed under the laws of the state of Missouri and any credit union or unions formed under the laws of the state of Missouri and any credit union formed under the laws of any other state or of the United States which is formed for the same purpose for which a credit union might be formed under the laws of this state, may merge into one of such credit unions.  2. The board of directors of each credit union, by resolution adopted by a majority vote of the members of the board, shall approve a plan of merger setting forth:  (1) The names of the credit unions proposing to merge and the name of the credit union into which they propose to merge, which is hereinafter designated as the "surviving credit union";  (2) The terms and conditions of the proposed merger and the mode of carrying the same into effect;  (3) The manner and basis of converting the membership shares of each merging credit union into the membership shares of the surviving credit union;  (4) A statement of any changes in the articles of agreement and the bylaws of the surviving credit union to be effected by such merger;  (5) Such other provisions with respect to the proposed merger as are deemed necessary or desirable. ­­-------- (L. 1955 p. 254, A.L. 1982 H.B. 1099, A.L. 1988 H.B. 1097)
MO Rev Stat § 370.352 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.352 - Consolidation into new credit union — directors to approve plan.

Effective - 28 Aug 1988   370.352. Consolidation into new credit union — directors to approve plan. — 1. Any two or more credit unions organized under the laws of the state of Missouri, or any credit union organized under the laws of any other state or of the United States and formed for a purpose for which a credit union might be formed under the laws of the state of Missouri may consolidate into a new credit union.  2. The board of directors of each credit union, by resolution adopted by a majority vote of the members of such board, shall approve a plan of consolidation setting forth:  (1) The names of the credit unions proposing to consolidate and the name of the new credit union into which they propose to consolidate, which is hereinafter designated as the "new credit union";  (2) The terms and conditions of the proposed consolidation and the mode of carrying the same into effect;  (3) The manner and basis of converting the membership shares, assets and liabilities of each credit union into membership shares or assets and liabilities of the new credit union;  (4) With regard to the new credit union, all of the statements required to be set forth in the articles of agreement and the bylaws for credit unions;  (5) Such other provisions with regard to the proposed consolidation as are deemed necessary or desirable. ­­-------- (L. 1955 p. 254, A.L. 1982 H.B. 1099, A.L. 1988 H.B. 1097)
MO Rev Stat § 370.353 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.353 - Submission of plan to meeting of members or shareholders — notice.

Effective - 28 Aug 2011   370.353. Submission of plan to meeting of members or shareholders — notice. — 1. The board of directors of the merging credit union or credit unions, upon approving the plan of merger or consolidation, shall direct, by a resolution, that the plan be submitted at a meeting of the members or shareholders, which may be either an annual or special meeting. Notice of the meeting shall be mailed or delivered to each member not more than thirty days and not less than fourteen days prior to the meeting. All members shall be given the opportunity to vote on the plan of merger or consolidation at a meeting or by written or electronic ballot received no later than the date and time announced for the meeting. All members should be provided the opportunity to vote, without being required to attend the meeting where the proposition is voted on. The notice, whether the meeting is an annual or special meeting, shall state the place, day, hour, and purpose of the meeting, and a copy or summary of the plan of merger or plan of consolidation shall be included in or enclosed with the notice. The board of directors of the surviving credit union named in any such plan of merger need not submit the merger plan to its members but shall, instead, ratify such merger plan according to the procedure stated in section 370.351.  2. In the case of a consolidation, the board of directors of each credit union party to such plan of consolidation must submit the plan of consolidation to its members according to the procedure described in subsection 1 of this section.  3. The director may waive any membership meeting required under subsections 1 and 2 of this section upon the request of the board of directors of any of the merging or consolidating credit unions if the credit union seeking the waiver is in financial difficulty, if its field of membership is being lost or substantially reduced, or if it has only limited potential of growth. ­­-------- (L. 1955 p. 254, A.L. 1982 H.B. 1099, A.L. 2011 S.B. 306)
MO Rev Stat § 370.354 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.354 - Vote required for approval — director may approve, when.

Effective - 28 Aug 1982   370.354. Vote required for approval — director may approve, when. — 1. At each such meeting, a vote of the members or the shareholders entitled to vote shall be taken on the proposed plan of merger or consolidation. The plan of merger or consolidation shall be approved upon receiving the affirmative vote of a majority of the members present and voting at the meeting of each of the credit unions, provided a quorum is present.  2. Upon the approval of the members, articles of merger or consolidation shall be submitted to the director of the division of credit unions, who shall approve the same if the merger or consolidation is made in conformity with the laws of this state and is in the best interest of the majority of the members thereof. ­­-------- (L. 1955 p. 254, A.L. 1972 S.B. 502, A.L. 1982 H.B. 1099)
MO Rev Stat § 370.355 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.355 - Certificate of merger or consolidation, issued when — copies, where filed.

Effective - 28 Aug 2020, 2 histories   370.355. Certificate of merger or consolidation, issued when — copies, where filed. — 1. Upon approval by the director of the division of credit unions, articles of merger or articles of consolidation shall be executed by each credit union, by its chair, or a vice chair, and verified by him or her, and with the corporate seal of each credit union affixed thereto, attested by its secretary or an assistant secretary, and shall set forth:  (1) The plan of merger or plan of consolidation;  (2) The total membership of each credit union; and  (3) As to each credit union the number of members voting for and against the plan, respectively.  2. If the director of the division of credit unions finds that the articles conform to law, when all required taxes or fees have been paid, the director shall file the same, keeping one copy as a permanent record, forward a copy to the secretary of state after having issued a certificate of merger or a certificate of consolidation, and a verified copy of the certificate, to which the director shall affix the other copy of the articles.  3. Upon the issuance of the certificate of merger or the certificate of consolidation by the director of the division of credit unions, the merger or consolidation shall be effected.  4. The certificate of merger with a copy of the articles of merger affixed thereto by the director of the division of credit unions, or the certificates of consolidation with the copy of the articles of consolidation and certified copy thereof, with the copy of the articles of consolidation affixed thereto by the director of the division of credit unions, shall be returned to the surviving credit union, or new credit union, as the case may be, or to its representative. ­­-------- (L. 1955 p. 254, A.L. 1972 S.B. 502, A.L. 2020 S.B. 599)
MO Rev Stat § 370.356 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.356 - Shareholder may object to merger or consolidation, procedure — payment of value of shares.

Effective - 28 Aug 2020, 2 histories   370.356. Shareholder may object to merger or consolidation, procedure — payment of value of shares. — 1. If a shareholder of a credit union which is a party to a merger or consolidation files with such credit union, prior to or at the meeting of shareholders or members at which the plan of merger or consolidation is submitted to a vote, a written objection to such a plan of merger or consolidation, and shall not vote in favor thereof, and the shareholder within ten days after the merger or consolidation is effected, makes written demand on the surviving or new credit union for payment of the fair value of his or her share as of the day prior to the date on which the vote was taken approving the merger or consolidation, the surviving or new credit union shall pay to such shareholder, upon surrender of his or her pass book or other record representing the shares, the fair value thereof as reflected by the books of the company, not including any goodwill or statutory reserve fund that may be had by the credit union.  2. The demand shall state the number of shares owned by the dissenting shareholder.  3. Any shareholder failing to make demand within the ten day period shall be conclusively presumed to have consented to the merger or consolidation, and shall be bound by the terms thereof. ­­-------- (L. 1955 p. 254 § 370.357, A.L. 2020 S.B. 599)
MO Rev Stat § 370.357 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.357 - Effect of merger or consolidation.

Effective - 28 Aug 1988   370.357. Effect of merger or consolidation. — When the merger or consolidation has been effected:  (1) The several credit unions parties to the plan of merger or consolidation shall be a single credit union which, in the case of a merger, shall be that credit union designated in the plan of merger as the surviving credit union, and, in the case of consolidation, shall be the new credit union provided for in the plan of consolidation;  (2) The separate existence of all credit union parties to the plan of merger or consolidation, except the surviving or new credit union, shall cease;  (3) The surviving or new credit union shall have all the rights, privileges, immunities, and powers, and shall be subject to all the duties and liabilities of a new credit union;  (4) The surviving or new credit union shall thereupon and thereafter possess all the rights, privileges, immunities, and franchises of each of the merging or consolidating credit unions; and all property, real, personal, and mixed, and all debts due on whatever account, loans, and all other choses in action, and all and every other interest of or belonging to or due to each of the credit unions so merged or consolidated, shall be taken and deemed to be transferred to and vested in the single credit union, without further act or deed; and the title to any real estate, or any interest therein, under the laws of this state, vested in any of the credit unions, shall not revert or be in any way impaired by reason of the merger or consolidation;  (5) The surviving or new credit union shall thenceforth be responsible and liable for all the liabilities and obligations of each of the credit unions so merged or consolidated; and any claim existing or action or proceeding pending by or against any of such credit unions may be prosecuted to judgment as if the merger or consolidation had not taken place, or the surviving or new credit union may be substituted in its place; neither the rights of creditors nor any liens upon the property of any of the corporations shall be impaired by the merger or consolidation;  (6) In case of a merger, the articles of agreement and the bylaws of the surviving credit union shall be deemed to be amended to the extent, if any, that changes in its articles are stated in the articles of merger; and, in the case of a consolidation, the statement set forth in the articles of consolidation, and which are required or permitted to be set forth in the bylaws of credit unions, shall be deemed to be the articles of agreement of the new credit union. ­­-------- (L. 1955 p. 254 § 370.356, A.L. 1988 H.B. 1097)
MO Rev Stat § 370.360 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.360 - Unauthorized use of words "credit union" a misdemeanor.

Effective - 28 Aug 1972   370.360. Unauthorized use of words "credit union" a misdemeanor. — The use by any person, copartnership, association or corporation, except credit unions formed under the provisions of this chapter or any association composed exclusively of credit unions, including any service corporation wholly owned by credit unions or an association of them, of any name or title which contains the words "credit union" shall be a misdemeanor. ­­-------- (RSMo 1939 § 5523, A.L. 1972 S.B. 502)  Prior revision: 1929 § 5081
MO Rev Stat § 370.365 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.365 - Central credit union defined — how formed — fee, how determined.

Effective - 28 Aug 1978   370.365. Central credit union defined — how formed — fee, how determined. — 1. A "central credit union" is one organized for the primary purpose of serving other credit unions; except that, where the dollar amount of shares held by credit unions and associations of credit unions shall fall below seventy-five percent of the total shareholdings, the director may suspend the privilege of operating as a central credit union.  2. A central credit union may be chartered in the same manner as are all other credit unions, except that, the field of membership shall be limited to credit unions, associations of credit unions and other persons expressly identified in the bylaws; and further, central credit unions may invest in the shares of other credit unions including other central credit unions, may purchase loans from credit unions, may borrow up to five times its capital, surplus and reserve fund, may lend to each member no more than twenty-five percent of its assets, and may be required to insure its deposits only when so ordered by the director.  3. When a central credit union is organized under this section, the director, in lieu of other fees, shall charge the actual and necessary costs of examination, not to exceed three thousand dollars, to the central credit union. ­­-------- (L. 1977 H.B. 48, A.L. 1978 S.B. 746)
MO Rev Stat § 370.390 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.390 - Foreign credit union may operate in state, requirements.

Effective - 28 Aug 1982   370.390. Foreign credit union may operate in state, requirements. — The director of the division of credit unions may authorize a foreign credit union to open an office in Missouri if he finds that the credit union has insurance of accounts comparable to that required of Missouri credit unions, the field of membership to be served is not now being adequately served, the credit union has designated a registered agent in Missouri, and reciprocal recognition is given by the chartering state of the credit union to Missouri credit unions. If authorization is given, the foreign credit union must abide by Missouri limits on loan interest rates, pay all annual fees on assets held in Missouri as prescribed by section 370.107, follow all provisions of Missouri law relating to credit unions, and allow the director to examine its records and affairs. ­­-------- (L. 1982 H.B. 1099)
MO Rev Stat § 370.395 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 370 - Credit Unions|Section 370.395 - State employees, deductions from compensation authorized, requirements.

Effective - 28 Aug 1982   370.395. State employees, deductions from compensation authorized, requirements. — Notwithstanding any other provision of law, the commissioner of administration may, in the same manner as provided in section 33.103, deduct from any state employee's compensation warrant any amount authorized by the employee for the purchase of shares in any credit union which is located in this state, has a state charter, and is insured by an agency of the United States government, or a credit union share guaranty corporation approved by the director. ­­-------- (L. 1982 H.B. 1099 § 2)