reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 367 - Pawnbrokers and Small Loans › Section 367.530 - Safekeeping of certificates of title — liability insurance maintained, when — liability of title lender.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 367
• Effective - 28 Aug 2001
367.530. Safekeeping of certificates of title — liability insurance maintained, when — liability of title lender. —
1. Every title lender shall maintain a fireproof place for the pledged certificates of title and a safe place for pledged property delivered to or repossessed by the title lender.
2. Every title lender shall maintain premises liability insurance in an amount of not less than one million dollars per occurrence for the benefit of customers and employees, which insurance shall provide coverage for, among other risks, injuries caused by the criminal acts of third parties.
3. A title lender shall not be liable for any loss or injury occasioned or caused by the use of pledged property unless the pledged property is actually in the title lender's possession.
4. A title lender shall be strictly liable to the borrower for any loss to pledged property in the title lender's possession.
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(L. 1998 H.B. 1526 § 11, A.L. 2001 H.B. 738 merged with S.B. 186)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 367 - Pawnbrokers and Small Loans › Section 367.531 - Applicability to certain transactions.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 367
• Effective - 28 Aug 2001
367.531. Applicability to certain transactions. —
The provisions of sections 408.552 to 408.557 and sections 408.560 to 408.562 are applicable to all transactions pursuant to sections 367.500 to 367.533.
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(L. 2001 H.B. 738 merged with S.B. 186)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 367 - Pawnbrokers and Small Loans › Section 367.532 - Violations, penalties.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 367
• Effective - 28 Aug 2001
367.532. Violations, penalties. —
1. Any title lender which fails, refuses or neglects to comply with sections 367.500 to 367.533, sections 408.551 to 408.557, sections 408.560 to 408.562, or any laws relating to title loans or commits any criminal act may have its license suspended or revoked by order of the director after a hearing before said director on an order of the director to show cause why such order of suspension or revocation should not be entered specifying the grounds therefor which shall be served on the title lender at least ten days prior to the hearing.
2. Whenever it shall appear to the director that any title lender is failing, refusing or neglecting to make a good faith effort to comply with the provisions of sections 367.500 to 367.533, or any laws relating to consumer loans, the director may issue an order to cease and desist which order may be enforceable by a civil penalty of not more than one thousand dollars per day for each day that the neglect, failure or refusal shall continue. The penalty shall be assessed and collected by the director. In determining the amount of the penalty, the director shall take into account the appropriateness of the penalty with respect to the gravity of the violation, the history of previous violations, and such other matters as justice may require.
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(L. 2001 H.B. 738 merged with S.B. 186)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 367 - Pawnbrokers and Small Loans › Section 367.533 - Pawn or pawnbroker title prohibited.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 367
• Effective - 28 Aug 1998
367.533. Pawn or pawnbroker title prohibited. —
No business licensed pursuant to sections 367.500 to 367.530 shall use the terms "pawn" or "pawnbroker" in its title, business name or advertising.
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(L. 1998 H.B. 1526 § 12)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 368 - Loan and Investment Companies › Section 368.010 - Definition.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 368
Effective - 28 Aug 1939
368.010. Definition. —
The term
"loan and investment company"
as used in this chapter means any corporation formed under the provisions of this chapter.
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(RSMo 1939 § 5418)
Prior revisions: 1929 § 4979; 1919 § 10189
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 368 - Loan and Investment Companies › Section 368.020 - Corporations, how organized.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 368
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.
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(RSMo 1939 § 5419, A.L. 1957 p. 212)
Prior revisions: 1929 § 4980; 1919 § 10190
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 368 - Loan and Investment Companies › Section 368.030 - Capital stock.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 368
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.
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(RSMo 1939 § 5420, A.L. 1957 p. 212)
Prior revisions: 1929 § 4981; 1919 § 10191
2023 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.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 368
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.
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(RSMo 1939 § 5422, A.L. 1943 p. 502)
2023 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.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 368
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.
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(L. 1943 p. 502 § 5422a)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 368 - Loan and Investment Companies › Section 368.070 - Limitation of powers.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 368
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.
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(RSMo 1939 § 5423, A.L. 1943 p. 502)
Prior revisions: 1929 § 4983; 1919 § 10193
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 368 - Loan and Investment Companies › Section 368.080 - Corporations not to engage in banking.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 368
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.
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(RSMo 1939 § 5424)
Prior revisions: 1929 § 4984; 1919 § 10194
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.010 - Short title.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 28 Aug 1971
369.010. Short title. —
Sections 369.010 to 369.369 may be cited as the "Savings and Loan Law".
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(L. 1945 p. 1578 § 2, A. 1949 H.B. 2090, A.L. 1971 S.B. 3 § A)
2023 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.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• 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.
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(L. 1971 S.B. 3 § 3, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165, A.L. 2019 S.B. 179)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.029 - Perpetual existence, when commenced.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• 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.
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(L. 1971 S.B. 3 § 5)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.034 - Incorporation fee, how computed, bond required.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 06 Jul 1994, see footnote
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.
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(L. 1971 S.B. 3 § 6, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165)
Effective 7-06-94
2023 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.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 06 Jul 1994, see footnote
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.
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(L. 1971 S.B. 3 § 7, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165)
Effective 7-06-94
2023 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.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 06 Jul 1994, see footnote
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.
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(L. 1971 S.B. 3 § 8, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165)
Effective 7-06-94
2023 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.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• 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.
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(L. 1971 S.B. 3 § 9, A.L. 1990 H.B. 1456, A.L. 1994 H.B. 1165, A.L. 2021 S.B. 106)
2023 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.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 06 Jul 1994, see footnote
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.
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(L. 1971 S.B. 3 § 10, A.L. 1983 H.B. 570, A.L. 1994 H.B. 1165)
Effective 7-06-94
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.059 - Amendment of articles of incorporation, procedure.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• 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.
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(L. 1971 S.B. 3 § 11, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165, A.L. 2019 S.B. 179)
2023 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.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 06 Jul 1994, see footnote
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.
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(L. 1971 S.B. 3 § 12, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165)
Effective 7-06-94
2023 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.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• 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.
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(L. 1971 S.B. 3 § 14, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165, A.L. 2019 S.B. 179)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.084 - Merger, effect of.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 28 Aug 1971
369.084. Merger, effect of. —
When the merger or consolidation becomes effective:
(1) The several associations parties to the plan of merger or consolidation shall be a single association, which, in the case of a merger, shall be that association designated in the plan of merger as the surviving association, and, in the case of a consolidation, shall be the new association provided for in the plan of consolidation;
(2) The separate existence of all associations parties to the plan of merger or consolidation, except the surviving or new association, shall cease;
(3) The surviving or new association shall have all rights, privileges, immunities and powers and shall be subject to all the duties and liabilities of an association organized under sections 369.010 to 369.369;
(4) The surviving or new association shall then possess all the rights, privileges, immunities and franchises, as well of a public as of a private nature, of each of the merging or consolidating associations;
(5) All property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and all and every other interest, of or belonging to or due to each of the associations so merged or consolidated, shall be taken and deemed to be transferred to and vested in such single association 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 such associations shall not revert or be in any way impaired by reason of such merger or consolidation;
(6) The surviving or new association shall thenceforth be responsible and liable for all the liabilities and obligations of each of the associations so merged or consolidated; and any claim existing or action or proceeding pending by or against any of the associations may be prosecuted to judgment as if the merger or consolidation had not taken place, or the surviving or new association may be substituted in its place, and neither the rights of creditors nor any liens upon the property of any of the associations shall be impaired by the merger or consolidation; and
(7) In the case of a merger, the articles of incorporation of the surviving association 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 statements set forth in the articles of consolidation and which are required or permitted to be set forth in the articles of incorporation of associations organized under sections 369.010 to 369.369 shall be deemed to be the articles of incorporation of the new association.
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(L. 1971 S.B. 3 § 16)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.086 - Savings and loan holding company, defined — subsidiary, defined — registration, examination and regulation by division.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 06 Jul 1994, see footnote
369.086. Savings and loan holding company, defined — subsidiary, defined — registration, examination and regulation by division. —
1. A
"savings and loan holding company"
is an individual or company which, directly or indirectly, or acting in concert with one or more other persons, owns, controls, or holds with power to vote or holds proxies to vote twenty-five percent or more of the outstanding voting stock of any stock association or savings and loan holding company located in this state; or controls in any manner, whether by the holding of proxies or otherwise, the election of a majority of the directors of any association or savings and loan holding company located in this state. A
"subsidiary"
of an individual or company is any company not less than ten percent of the shares of which are directly or indirectly controlled by such individual or company.
2. Each savings and loan holding company and each subsidiary thereof shall register with the director of the division of finance within sixty days after becoming a savings and loan holding company. Following registration, a savings and loan holding company organized under the laws of this state, domiciled in this state or controlling an association organized under the laws of this state, shall be subject to examination by the division and file with the director such reports as may be required by regulation.
3. A savings and loan holding company under this section may engage in all activities as the director of the division of finance may by regulation establish or by specific application permit.
4. A savings and loan holding company may acquire control of an association or savings and loan holding company upon application to and prior written approval of the director of the division of finance. The application shall be in a form prescribed by the director and contain such information as will enable the director of the division of finance to determine if such acquisition is consistent with the interests of maintaining a sound financial system and, further, that the proposed acquisition does not afford a basis for supervisory objection.
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(L. 1983 H.B. 570 § 369.085, A.L. 1994 H.B. 1165)
Effective 7-06-94
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.094 - Meetings, when, notice, voting.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 28 Aug 1983
369.094. Meetings, when, notice, voting. —
1. An annual meeting of the members of each mutual association shall be held on a date fixed by the bylaws of the association or, if none is so fixed, on the fourth Monday in March. A failure to hold the annual meeting at the time so specified shall not work a forfeiture or dissolution of the association. Special meetings may be called by the board of directors, the president, or the secretary upon the written request of members entitled to cast at least one-tenth of all the votes which all members are entitled to cast at the particular meeting, or by such other officers or persons as may be provided in the bylaws.
2. Notice of the annual meeting of members shall be published once not less than ten days nor more than thirty days before the date of the meeting in a newspaper published in the city or county where the principal office of the association is located. Notice for any special meeting shall be so published once not less than ten nor more than thirty days before the date of the meeting. All notices shall state the place, day and hour, and if a special meeting of members, the purpose of the meeting. The purpose of an annual meeting need be stated in the notice only to the extent required by other provisions of sections 369.010 to 369.369.
3. Each member shall have one vote plus an additional vote for each one hundred dollars or fraction thereof of the withdrawal value of the accounts of such member in excess of one hundred dollars. The association may by its bylaws limit the number of votes to which any member may be entitled.
4. Any number of the members present in person or by proxy at any meeting shall constitute a quorum for the transaction of business. A majority of all votes cast at any meeting of members shall determine any question unless sections 369.010 to 369.369 specifically provide otherwise. A proxy not limited as to duration shall continue in effect until revoked in writing and in case of death or mental incapacity of the member until notice thereof is received by the association in writing. Proxies shall be filed with the secretary of the association not less than five days before the meeting.
5. Accounts standing in the name of a fiduciary may be voted either in person or by proxy of the fiduciary. A member whose account is pledged is entitled to vote, in person or by proxy, until the account has been transferred on the books of the association and thereafter the transferee shall be entitled to vote in person or by proxy.
6. Except as provided in this chapter all meetings of the stockholders of capital stock associations shall be held as prescribed and shall be governed by the provisions of the general and business corporation law of Missouri.
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(L. 1971 S.B. 3 § 18, A.L. 1982 S.B. 464, A.L. 1983 S.B. 44 & 45)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.099 - Inspection of records, by whom — credit reporting, allowed when.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 06 Jul 1994, 2 histories, see footnote
369.099. Inspection of records, by whom — credit reporting, allowed when. —
1. Every member and every stockholder may inspect such books and records of an association as pertain to such person's loan or account. Otherwise, the right of inspection and examination of the books and records shall be limited to:
(1) The director of the division of finance or the director's duly authorized representatives as provided in sections 369.010 to 369.369;
(2) Persons duly authorized to act for the association; and
(3) The Office of Thrift Supervision or any successor thereto, Federal Deposit Insurance Corporation or any successor thereto, or other such insurer of the accounts of the association, any federal home loan bank, or savings and loan supervisory authorities located in other states in which an association maintains an office.
2. The books and records pertaining to the accounts and loans of account holders, borrowers, and stockholders shall be kept confidential by the association, its directors, officers and employees, and by the director of the division of finance, the director's examiners and representatives, except where the disclosure thereof is authorized or directed by subsection 1 of this section. No person shall be furnished or shall possess a partial or complete list of the members except upon express action and authority of the board of directors.
3. An association may report credit information concerning borrowers of the association, and concerning borrowers whose loans the association is servicing for others, to a consumer reporting agency, as defined by the Fair Credit Reporting Act, Title VI of the Consumer Credit Protection Act of 1968 as amended, and to other lenders in connection with a transaction involving a borrower.
4. Stockholders in capital stock associations shall have the right to examine as prescribed in section 351.215, but no stockholder or other person shall have the right to inspect the records of account holders or borrowers other than such person's own account except as provided in subsections 1 and 2 of this section.
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(L. 1971 S.B. 3 § 19, A.L. 1982 S.B. 464, A.L. 1989 S.B. 40, A.L. 1994 H.B. 1165)
Effective 7-06-94
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.104 - Publication of financial statement.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 06 Jul 1994, see footnote
369.104. Publication of financial statement. —
Every association shall publish annually, in accordance with regulations promulgated by the director of the division of finance, in a newspaper of general circulation in the county in which its home office is located, and shall deliver to each member of a mutual association and to each stockholder of a capital stock association upon application therefor, a statement of its financial condition in the form prescribed by the director of the division of finance.
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(L. 1971 S.B. 3 § 20, A.L. 1978 S.B. 795, A.L. 1982 S.B. 464, A.L. 1989 S.B. 40, A.L. 1994 H.B. 1165)
Effective 7-06-94
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.129 - Association records, how kept.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 06 Jul 1994, see footnote
369.129. Association records, how kept. —
1. Each association shall keep complete records and books of account covering all business of the association. The director of the division of finance may adopt regulations concerning the making and retention of the books of account, minutes of proceedings of members of mutual associations, of stockholders of capital stock associations, and directors and all other records pertaining to the business of the association. Such regulations may include rules prescribing the accounting principles and practices to be observed, the dates upon which each association shall close its books, the description of assets and the amounts at which they are to be carried on the books.
2. The director of the division of finance may by regulation permit accounting, bookkeeping, data processing or other recordkeeping services to be performed for an association by contract or otherwise, whether on or off its premises, but shall require assurances satisfactory to the director that the performance of such services will be subject to regulation and examination by the director of the division of finance to the same extent as if such service were being performed by the association itself on its own premises.
3. In the absence of a regulation of the director of the division of finance establishing a different time, each association shall preserve all of its records of original or final entries for a period of ten years from the date of making the last entry thereon, but coupons accompanying deposits in a club account such as a Christmas club need not be retained for more than two years from the date of closing of such account.
4. In lieu of the original, film, photographic, photostatic or other copies which accurately reproduce all lines and markings on the originals may be retained. Any copy of a record permitted to be kept in lieu of the original shall be admissible in evidence in any proceeding with the same effect as though it were the original.
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(L. 1971 S.B. 3 § 25, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165)
Effective 7-06-94
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.134 - Reserve account required.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 06 Jul 1994, see footnote
369.134. Reserve account required. —
Each association shall establish a general reserve account, for the purpose of absorbing losses, and such other reserves as the director of the division of finance may require. The association shall maintain the general reserve account at such amount, make such transfers to the general reserve account, other required reserves, and undivided profits at such times and in such manner as the director of the division of finance shall determine by regulation.
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(L. 1971 S.B. 3 § 26, A.L. 1982 S.B. 464, A.L. 1994 H.B. 1165)
Effective 7-06-94
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.139 - Emergency rules and regulations, when.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 06 Jul 1994, see footnote
369.139. Emergency rules and regulations, when. —
The director of the division of finance may promulgate rules and regulations to provide for the continuity of the management and business of an association in the event of a national emergency declared by the President of the United States or the person performing the President's functions, or a nuclear, atomic or other disaster making it impossible or impracticable for an association to conduct its business in strict accord with applicable provisions of law, its bylaws or its charter. The association and its directors, officers and employees shall not be liable to any person by reason of the failure to perform or the delay in performing any contractual, statutory, or other duty when the failure or delay is caused by any such emergency.
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(L. 1971 S.B. 3 § 27, A.L. 1994 H.B. 1165)
Effective 7-06-94
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.145 - Safe deposit boxes, same rights, powers and duties as bank and trust companies.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 28 Aug 1994, 2 histories
369.145. Safe deposit boxes, same rights, powers and duties as bank and trust companies. —
All associations regulated by this chapter, including federal associations, shall have the same rights, powers and duties, relating to safe deposit boxes, as provided to banks and trust companies in chapter 362.
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(L. 1994 H.B. 1312)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.149 - Mutual associations — liability and rights of members — rejection or limitation on memberships.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 30 Apr 1982, see footnote
369.149. Mutual associations — liability and rights of members — rejection or limitation on memberships. —
The members of a mutual association shall not be responsible for any losses which the association's assets shall not be sufficient to satisfy, and the accounts of members shall not be subject to assessment. Earnings shall be declared in accordance with the provisions of sections 369.010 to 369.369. An association may reject any person as a depositor and may limit from time to time the amounts which may be accepted by the association as deposits.
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(L. 1971 S.B. 3 § 29, A.L. 1982 S.B. 464)
Effective 4-30-82
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.159 - Fee or service charge authorized.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 28 Aug 2015, 3 histories
369.159. Fee or service charge authorized. —
An association may impose fees or service charges on accounts; however, such fees or service charges are subject to such conditions or requirements that may be fixed by regulations pursuant to section 369.301 by the director of the division of finance and the board. 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.
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(L. 1971 S.B. 3 § 31, A.L. 1983 H.B. 570, A.L. 1994 H.B. 1165, A.L. 2003 H.B. 221 merged with S.B. 346, A.L. 2011 H.B. 464, A.L. 2015 S.B. 524)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 369 - Savings and Loan Associations › Section 369.161 - Savings and loan association or savings bank may act as custodian, when.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 369
• Effective - 28 Aug 2004
369.161. Savings and loan association or savings bank may act as custodian, when. —
In addition to any other banking authority, a savings and loan association or savings bank may act as a custodian for any entity, public or private, and place funds in any other financial institutions, provided such funds are placed in deposits and insured by the Federal Deposit Insurance Corporation.
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(L. 2004 S.B. 1093)