reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 360 - Missouri Health and Educational Facilities Act › Section 360.113 - Districts with direct deposit agreement eligible for one-time grant for each issue for construction or to refinance lease purchase grant, amount.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 360
• Effective - 27 Jun 1995, see footnote
360.113. Districts with direct deposit agreement eligible for one-time grant for each issue for construction or to refinance lease purchase grant, amount. —
1. Any school district which has a direct deposit agreement with the authority pursuant to sections 360.111 to 360.118 shall be eligible to receive a one-time grant for each issue based upon the par amount of general obligation bonds issued for the purpose of financing construction or renovation projects approved by voters after January 1, 1995, or refinancing construction or renovation projects or for refinance of lease purchase obligations with general obligation bonds.
2. Until July 1, 1997, the grant amount for a school district under subsection 1 of this section shall be the lesser of two percent of the par amount of the bonds issued or the actual costs of issuance as determined by the authority.
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(L. 1995 S.B. 301 § 360.111 subsecs. 3, 4)
Effective 6-27-95
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 360 - Missouri Health and Educational Facilities Act › Section 360.114 - Authority to determine grant amount, actual cost of issuance, when — transfers to be at no cost to school district.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 360
• Effective - 27 Jun 1995, see footnote
360.114. Authority to determine grant amount, actual cost of issuance, when — transfers to be at no cost to school district. —
1. On or before July 1, 1997, and every two years thereafter, the authority shall determine the weighted average, actual cost of issuance percentage for issuances under section 360.106 during the two years immediately preceding the date such determination is required.
2. On and after July 1, 1997, the grant amount for a school district under subsection 1 of section 360.113 shall be the lesser of the most recent weighted average, actual cost of issuance percentage, as determined by the authority pursuant to subsection 1 of this section, times the par amount of the bonds issued or the actual costs of issuance as determined by the authority.
3. Transfers made pursuant to a school district's participation in a direct deposit agreement under sections 360.111 to 360.118 shall be made at no cost to the school district.
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(L. 1995 S.B. 301 § 360.111 subsecs. 5, 6, 7)
Effective 6-27-95
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 360 - Missouri Health and Educational Facilities Act › Section 360.115 - Proceeds of bond sales and fees collected are not revenue of the state.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 360
• Effective - 28 Aug 1975
360.115. Proceeds of bond sales and fees collected are not revenue of the state. —
The proceeds of all bonds issued by the authority and of all fees permitted to be charged by the authority under sections 360.010 to 360.140 shall not be considered to be part of the revenue of the state within the meaning of Article III, Section 36, of the Constitution of Missouri, shall not be required to be deposited into the state treasury, and shall not be subject to appropriation by the general assembly. The proceeds and fees shall remain under the exclusive control and management of the authority to be used as required pursuant to sections 360.010 to 360.140.
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(L. 1975 H.B. 70 § 22)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 360 - Missouri Health and Educational Facilities Act › Section 360.116 - Payment of grants, procedure — refunding or refinancing existing bonds, net present value savings amount.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 360
• Effective - 27 Jun 1995, see footnote
360.116. Payment of grants, procedure — refunding or refinancing existing bonds, net present value savings amount. —
1. Payment of grants under sections 360.111 to 360.118 shall be made from funds appropriated for such purpose under section 164.303. Payment shall be authorized by the commissioner of education upon receipt of the closing legal opinion for the bonds by the commissioner of education and a certification by the school district that the funds will be used for costs relating to projects approved under and satisfying the qualifications and requirements of subsection 1 of section 360.113.
2. Any refunding or refinancing of existing bonds of a school district under sections 360.111 to 360.118 shall have a net present value savings of at least one and one-half percent of the par amount of the refunded bonds.
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(L. 1995 S.B. 301 § 360.111 subsecs. 8, 9)
Effective 6-27-95
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 360 - Missouri Health and Educational Facilities Act › Section 360.117 - Funding for grants less than amount of grants distributable, first priority construction or renovation projects.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 360
• Effective - 27 Jun 1995, see footnote
360.117. Funding for grants less than amount of grants distributable, first priority construction or renovation projects. —
If the amount of funding available for grants under sections 360.111 to 360.118 is less than the total amount of grants distributable under sections 360.111 to 360.118 for qualifying issues, first priority for funding of grants shall be given to qualifying issues for financing of construction or renovation projects.
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(L. 1995 S.B. 301 § 360.111 subsec. 10)
Effective 6-27-95
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 360 - Missouri Health and Educational Facilities Act › Section 360.118 - Authority's power to invest, when — earnings attributable to district, distribution — law not applicable to finance new lease purchase agreement.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 360
• Effective - 27 Jun 1995, see footnote
360.118. Authority's power to invest, when — earnings attributable to district, distribution — law not applicable to finance new lease purchase agreement. —
1. The authority may invest any funds held pursuant to powers granted under sections 360.111 to 360.118, which are not required for immediate disbursement, in any investment approved by the authority; provided, however, that each school district shall receive the earnings, or a credit for such earnings, for any such amounts invested which are attributable to the district.
2. Nothing in sections 360.106 and 360.111 to 360.118 shall be construed to apply to obligations issued to finance new lease purchase agreements.
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(L. 1995 S.B. 301 § 360.111 subsec. 11 & § 1)
Effective 6-27-95
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 360 - Missouri Health and Educational Facilities Act › Section 360.125 - Bonds issued by authority, fiduciaries may invest in.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 360
• Effective - 28 Aug 1975
360.125. Bonds issued by authority, fiduciaries may invest in. —
All banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, insurance companies and associations, and all executors, administrators, guardians, trustees, and other fiduciaries legally may invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds issued pursuant to sections 360.010 to 360.140.
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(L. 1975 H.B. 70 § 24)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 360 - Missouri Health and Educational Facilities Act › Section 360.130 - Facilities not public buildings.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 360
• Effective - 28 Aug 1975
360.130. Facilities not public buildings. —
Facilities shall not be considered to be public buildings, structures, grounds, works, or improvements and shall not be subject to any requirements relating to public buildings, structures, grounds, works, or improvements imposed by the laws of this state or any other similar requirements which lawfully may be waived by this section, and any requirements of competitive bidding or other restriction imposed on the procedure for award of contracts for such purpose or the lease, sale, or other disposition of property of the authority is not applicable to any action taken pursuant to sections 360.010 to 360.140.
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(L. 1975 H.B. 70 § 25)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 360 - Missouri Health and Educational Facilities Act › Section 360.135 - Authority to be tax exempt — proceeds of bonds tax exempt, exception.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 360
• Effective - 28 Aug 1975
360.135. Authority to be tax exempt — proceeds of bonds tax exempt, exception. —
The authority is hereby declared to be performing a public function in behalf of the state and to be a public instrumentality of the state. Accordingly, the authority shall not be required to pay any taxes or assessments upon or in respect of a project or any property acquired or used by such authority under the provisions of sections 360.010 to 360.140, or upon the income therefrom, and the bonds issued under the provisions of this chapter, the interest thereon, the proceeds received by a holder from the sale of the bonds to the extent of the holder's cost of acquisition, or proceeds received upon redemption prior to maturity or proceeds received at maturity, and the receipt of such interest and proceeds shall be exempt from taxation in the state of Missouri for all purposes except the state estate tax.
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(L. 1975 H.B. 70 § 28)
2023 Missouri Revised Statutes › Title XXIII - Corporations, Associations and Partnerships › Chapter 360 - Missouri Health and Educational Facilities Act › Section 360.140 - Authority assigned to the office of administration — report to director required.

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 360
• Effective - 28 Aug 1986
360.140. Authority assigned to the office of administration — report to director required. —
The health and educational facilities authority is assigned to the office of administration. The authority shall annually, on or before February first of each year, file with the office of administration a report of its previous year's income, expenditures and revenue bonds issued and outstanding.
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(L. 1975 H.B. 70 § 29, A.L. 1986 S.B. 426)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.005 - Definitions, chapters 361, 362, and 369.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 1995
361.005. Definitions, chapters 361, 362, and 369. —
As used in chapter 362 and chapter 369 and this chapter, unless the context clearly indicates otherwise, the following terms mean:
(1)
"Foreign bank"
, the meaning set forth in section 1(b) of the International Banking Act of 1978, 12 U.S.C. 310(b);
(2)
"Home state"
:
(a) In the case of a national bank, the state in which the main office of the bank is located; and
(b) In the case of a state bank, the state by which the bank is chartered;
(3)
"Host state"
, a state in which a bank establishes a branch other than the home state of the bank;
(4)
"Out-of-state bank"
, any bank, including a foreign bank, the home state of which is a state other than Missouri.
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(L. 1995 H.B. 63, et al.)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.010 - Division of finance created — location of office — transfer of division.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2014, 2 histories
361.010. Division of finance created — location of office — transfer of division. —
1. There is hereby created a "State Division of Finance", which shall be under the management and control of a chief officer who shall be called the "Director of Finance".
2. The director of finance shall maintain his or her office at the City of Jefferson, reside in the state of Missouri, and shall devote all of his or her time to the duties of his or her office. The division of facilities management, design and construction is hereby required to provide the director of finance and the state division of finance with suitable rooms.
3. The division of finance with all of its powers, duties, and functions is assigned by type III transfer under the authority of the Omnibus State Reorganization Act of 1974 and executive order 06-04 to the department of commerce and insurance. All of the general provisions, definitions, and powers enumerated in section 1 of the Omnibus State Reorganization Act of 1974 and executive order 06-04 shall apply to this department and its divisions, agencies, and personnel.
4. Wherever the laws, rules, or regulations of this state make reference to the "division of finance of the department of economic development" or to the "division of finance", such references shall be deemed to refer to the division of finance of the department of commerce and insurance.
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(RSMo 1939 § 7876, A.L. 1967 p. 445, A.L. 1981 S.B. 28, A.L. 1982 S.B. 487 Revision, A.L. 2008 S.B. 788, A.L. 2014 H.B. 1299 Revision)
Prior revisions: 1929 § 5282; 1919 § 11673; 1909 § 1073
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.020 - Powers of division.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2023, 2 histories
361.020. Powers of division. —
1. The division of finance shall have charge of the execution of the laws relating to banks, trust companies, and the banking business of this state; of the laws relating to persons and entities engaged in the small loan or consumer credit business in this state; of the laws relating to persons and entities engaged in the mortgage loan business in this state; and of the laws relating to persons and entities engaged in any other financial services-related business over which the division of finance is granted express authority.
2. The director of finance may institute, in the name of the state of Missouri, and defend suits in the courts of this state and the United States.
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(RSMo 1939 § 7879, A.L. 1961 p. 463, A.L. 2023 S.B. 13)
Prior revision: 1929 § 5285
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.030 - Seal — recording of documents.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 1939
361.030. Seal — recording of documents. —
1. The director of finance shall devise and provide a seal for the division of finance which shall continue to be the seal of the division. The description of the seal, with an impression thereof, shall be filed in the office of the secretary of state.
2. Every paper executed by the director of finance in pursuance of any authority conferred on him by law and sealed with the seal of the division of finance shall be received in evidence and may be recorded in the proper recording offices in the same manner and with the same effect as a deed regularly acknowledged.
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(RSMo 1939 § 7880)
Prior revisions: 1929 § 5286; 1919 § 11677; 1909 § 1077
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.040 - Director — appointment — term of office.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 1967
361.040. Director — appointment — term of office. —
The director of finance shall be appointed by the governor, by and with the advice and consent of the senate, and shall hold his office at the pleasure of the governor.
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(RSMo 1939 § 7877, A.L. 1967 p. 445)
Prior revisions: 1929 § 5283; 1919 § 11674; 1909 § 1074
Revisor's Note: Under section 620.010, the director of the division of finance was nominated by the director of the department of economic development and appointed by the governor with the advice and consent of the senate. That language in section 620.010 was repealed in 2008.
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.050 - Director — qualifications.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 1967
361.050. Director — qualifications. —
No person shall be eligible for the office of director of finance, unless he shall first have had at least five years' actual practical experience in a general banking business, or shall have served for a like period of time in the division having charge of banks and banking in this or some other state of the United States, or shall have served for a like period of time in a federal agency having supervisory authority over banks, trust companies or national banking associations.
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(RSMo 1939 § 7878, A.L. 1967 p. 445)
Prior revisions: 1929 § 5284; 1919 § 11674; 1909 § 1074
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.060 - Deputy director — appointment — qualifications — duties.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2005
361.060. Deputy director — appointment — qualifications — duties. —
1. The director of finance, with the approval of the governor, shall appoint a deputy director of finance and such examiners, assistant examiners and other assistants as, subject to the approval of the governor, he shall deem necessary to properly discharge the duties of the division of finance.
2. The deputy director shall possess the qualifications required for the director of finance.
3. All employees of the division of finance shall perform such duties as shall be required of them by the director of finance, shall devote all of their time to their official duties, and shall hold their offices during and at the pleasure of the director of finance.
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(RSMo 1939 § 7881, A.L. 1947 V. I p. 308, A.L. 1951 p. 283, A.L. 1967 p. 445, A.L. 2005 H.B. 707)
Prior revisions: 1929 § 5287; 1919 § 11674; 1909 § 1074
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.090 - Compensation and travel expenses, how paid.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 1980
361.090. Compensation and travel expenses, how paid. —
Salaries of employees of the division of finance shall be paid out of the state treasury as provided by law. The actual and necessary traveling and other divisional or office expenses of the director of finance, the deputy director of finance, the other assistants herein provided for, examiners and other appointees of the director of finance, provided by law, shall be paid out of the state treasury as provided by law.
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(RSMo 1939 § 7883, A.L. 1943 p. 1003, A.L. 1947 V. I p. 308, A. 1949 H.B. 2084, A.L. 1951 p. 283, A.L. 1955 p. 262, A.L. 1957 p. 238, A.L. 1959 H.B. 322, A.L. 1963 p. 447, A.L. 1967 p. 445, A.L. 1980 H.B. 1266)
Prior revisions: 1929 § 5289; 1919 § 11676; 1909 § 1076
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.092 - State banking and savings and loan board created.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2011, 2 histories
361.092. State banking and savings and loan board created. —
There is hereby created a "State Banking and Savings and Loan Board" which shall have such powers and duties as are conferred upon it by law. The state banking and savings and loan board with all of its powers, duties, and functions is assigned by type III transfer under the authority of the Omnibus State Reorganization Act of 1974 to the department of commerce and insurance.
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(L. 1955 p. 263 § 1, A.L. 1967 p. 445, A.L. 2008 S.B. 788, A.L. 2011 H.B. 464)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.093 - Board to advise and recommend.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2011
361.093. Board to advise and recommend. —
The state banking and savings and loan board shall advise the director of finance as to the proper administration of his office and the banking laws of this state and make recommendations to the general assembly as to changes in these laws.
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(L. 1955 p. 263 § 7, A.L. 1967 p. 445, A.L. 2011 H.B. 464)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.095 - Procedure on appeals — costs — parties — judicial review.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2011
361.095. Procedure on appeals — costs — parties — judicial review. —
1. The state banking and savings and loan board shall make rules and regulations, consistent with applicable law, for the proceedings in connection with the appeals provided for in section 361.094. 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.
2. The costs of the appeal shall be assessed against the losing party, and the board may require the deposit of a reasonable sum for the payment of costs at the time the appeal is brought.
3. At any hearing provided for in section 361.094 the director of the division of finance shall be deemed a party, and any person claiming to be adversely affected and any bank, trust company or national banking association located in the city or town and county in which the proposed bank or trust company is to be located upon incorporation or relocation may intervene.
4. The director of the division of finance shall act in accordance with any order of the state banking and savings and loan board made pursuant to section 361.094, but the order of the board shall be subject to judicial review as provided by law. Whether or not any review shall operate as a stay of the board's order shall be determined by the board.
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(L. 1955 p. 263 § 5, A.L. 1967 p. 445, A.L. 1980 H.B. 1071, A.L. 1995 S.B. 3, A.L. 2011 H.B. 464)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.096 - Board may subpoena witnesses at hearings — oaths — enforcement of subpoena or testimony.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2011
361.096. Board may subpoena witnesses at hearings — oaths — enforcement of subpoena or testimony. —
1. At any hearing provided for in section 361.094, the state banking and savings and loan board, or any member thereof, shall have power to administer oaths.
2. In connection with any such hearing, the board, or any member thereof, shall issue subpoenas and subpoenas duces tecum on the board's own motion or at the request of any intervenor or other party, which subpoenas or subpoenas duces tecum shall extend to all parts of the state and shall be signed by the secretary of the board or by any other member thereof. The board shall have power, on motion after due notice, for good cause to quash or modify any subpoena or subpoena duces tecum on the grounds that the same is unduly burdensome, unreasonable or oppressive. Subpoenas and subpoenas duces tecum may be served as in the case of subpoenas in civil actions in the circuit court and each witness who shall appear before the board in obedience to a subpoena or subpoena duces tecum shall receive for his attendance the fees and mileage provided for witnesses in civil actions in the circuit court, which shall be paid by the party at whose instance such subpoena or subpoena duces tecum was issued. In case of refusal of a witness to obey any such subpoena or subpoena duces tecum, or to testify when lawfully required to do so, the board may apply to a judge of the circuit court of the county of the hearing or of any county where the witness resides or may be found, for an order upon such witness to show cause why such subpoena or subpoena duces tecum should not be enforced, or the witness required to give such testimony, which said order and a copy of the application therefor shall be served upon the witness in the same manner as a summons in a civil action, and if said circuit court shall, after a hearing, determine that the subpoena or subpoena duces tecum should be sustained and enforced, or that the witness should be required to give such testimony, said court shall make an order to enforce such subpoena or subpoena duces tecum, or compel such testimony and may enforce such order as in the case of a subpoena or subpoena duces tecum, or refusal to testify, in a civil action in the circuit court.
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(L. 1955 p. 263 § 6, A.L. 2011 H.B. 464)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.097 - Board members, appointment, qualifications, terms.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2021, 2 histories
361.097. Board members, appointment, qualifications, terms. —
1. The state banking and savings and loan board shall consist of five members who shall be appointed by the governor, the senate concurring. No person shall be eligible for appointment unless he or she is a resident of this state. One member shall be an attorney at law and a member of the Missouri Bar in good standing. Three members shall each have had at least five years of active bank or association management experience at an institution chartered under chapter 362 or 369 in this state. One member shall be an individual who is not involved in the administration of a financial institution. Not more than three members of the board shall be members of the same political party.
2. The term of office of each member of the state banking and savings and loan board shall be six years. The board shall select its own chairman and secretary. The members of the state banking and savings and loan board shall hold office for the respective terms for which they are appointed and until their successors shall qualify. Vacancies on such board shall be filled by appointment for the unexpired term in the same manner as in the case of an original appointment.
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(L. 1955 p. 263 § 2, A.L. 1967 p. 445, A.L. 2011 H.B. 464, A.L. 2021 S.B. 106)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.098 - Board members, compensation — quorum of board — meetings — seal.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2023, 2 histories
361.098. Board members, compensation — quorum of board — meetings — seal. —
1. The members of the state banking and savings and loan board shall receive as compensation for their services the sum of one hundred dollars per day while discharging their duties, and shall be entitled to receive their necessary traveling and other expenses incurred while actually engaged in the performance of their duties as such members, which shall be paid out of the division of finance fund.
2. Any three members of the board shall constitute a quorum for the transaction of any business, for the performance of any duty or for the exercise of any power of the board.
3. The board may meet and exercise its powers in any place in this state and shall meet at any time upon the call of its chairman or of the director of the division of finance or of any two members of the board.
4. The board shall have an official seal bearing the inscription, "State Banking and Savings and Loan Board of the State of Missouri", which shall be judicially noticed.
5. The division of finance may provide administrative services to the board to assist the board with fulfilling its statutory responsibilities.
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(L. 1955 p. 263 § 3, A.L. 1980 H.B. 1071, A.L. 2011 H.B. 464, A.L. 2023 S.B. 13)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.100 - Deposits in state treasury.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 1967
361.100. Deposits in state treasury. —
1. The state director of revenue shall deposit in the state treasury to the credit of the state division of finance fund:
(1) All fees for original incorporation or for increasing the capital of any corporation under the supervision of the finance director;
(2) All moneys received by him in payment of charges or assessments levied by the finance director against such corporations, or any penalties or forfeitures incurred by them, including all moneys recovered in actions brought by the attorney general under this chapter, except the forfeitures and penalties required by the constitution to be paid into the county public school fund of the several counties;
(3) All fees, perquisites, and money received by the division of finance or any salaried officer or employees for services rendered by the division or officer in an official capacity;
(4) All accrued interest upon the funds held by the finance director as trustee for the owners of unclaimed deposits, dividends, or interest. The director of finance shall pay such interest to the director of revenue annually on or before the close of the fiscal year.
2. All moneys credited to the division of finance fund shall be appropriated by the general assembly only for the division of finance in the exercise of its powers and duties as provided by statute and no other money shall be paid out of the state treasury for the purposes of the division.
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(RSMo 1939 § 7889, A.L. 1947 V. I p. 305, A. 1949 H.B. 2084, A.L. 1967 p. 445)
Prior revisions: 1929 § 5295; 1919 § 11683
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.105 - Director of finance authorized to issue rules with approval of state banking and savings and loan board — rulemaking procedure.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2011
361.105. Director of finance authorized to issue rules with approval of state banking and savings and loan board — rulemaking procedure. —
1. The director of finance, with the approval of the state banking and savings and loan board, shall have power to adopt, promulgate, amend and repeal rules and regulations necessary or desirable to carry out the duties assigned to the division by law relating to banks and trust companies and which are not inconsistent with the constitution or laws of this state. A copy of every rule and regulation shall be mailed to each bank and trust company, postage prepaid, at least fifteen days in advance of its effective date; except that the failure of a bank or trust company to receive a copy of a rule or regulation shall not exempt it from the duty of compliance with a rule or regulation lawfully promulgated hereunder. The director, in the exercise of the power to make rules and regulations hereunder, shall act in the interests of promoting and maintaining a sound banking system and sound trust companies, the security of deposits and depositors and other customers, the preservation of the liquid position of banks and in the interest of preventing injurious credit expansions and contractions.
2. 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.
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(L. 1967 p. 445, A.L. 1993 S.B. 52, A.L. 1994 H.B. 1165, A.L. 1995 S.B. 3, A.L. 2011 H.B. 464)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.120 - Preservation of records — report to governor — destruction of records, when.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2015
361.120. Preservation of records — report to governor — destruction of records, when. —
1. The director of finance shall preserve all records, reports and papers of every kind pertaining to the division of finance for a period of ten years, and shall permanently preserve all records, reports and papers of a permanent value, including articles of association and all amendments thereto, and all articles of merger or consolidation and amendments thereto. The director of finance shall make a written report to the governor whenever required by the governor.
2. After having kept any records, reports, or papers referred to in this section for a period of ten years, the director may destroy or otherwise dispose of said records in the manner provided by law.
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(RSMo 1939 § 7884, A. 1949 H.B. 2084, A.L. 1953 p. 246, A.L. 2015 S.B. 58)
Prior revisions: 1929 § 5290; 1919 § 11678; 1909 § 1078
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.130 - Reports to director — information accepted in lieu of reports.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2003
361.130. Reports to director — information accepted in lieu of reports. —
1. The director shall require all financial institutions under his or her supervision to make regular periodic reports of their condition to him or her, and in addition the director may require special reports at such times as he or she may prescribe. The director shall prescribe the form and contents of all such reports. Such reports shall be verified and the director shall prescribe the form of verification.
2. The director, at least two times in each year, shall designate some day as of which every bank or trust company under the director's supervision shall report to him or her. The director shall serve a notice designating such day by delivering a copy thereof to some officer of such corporation at its place of business or by mail, postage prepaid, addressed to such corporation at its principal place of business.
3. In lieu of requiring direct filing of reports of condition, the director may obtain the information from data filed with federal regulatory agencies but may require verification and the filing of supplemental information as the director deems necessary.
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(RSMo 1939 § 7896, A.L. 1949 p. 276, A.L. 1988 H.B. 1204, A.L. 2003 H.B. 221 merged with S.B. 346)
Prior revisions: 1929 § 5302; 1919 § 11690
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.150 - Acceptance of gifts or favors prohibited.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 1967
361.150. Acceptance of gifts or favors prohibited. —
It shall be unlawful for any director, deputy, examiner, clerk or special agent to accept as presents or emoluments any pay or other valuable thing by way of gift, credit or otherwise, directly or indirectly, for the discharge of any act in the line of his official duty other than the remuneration fixed and accorded him by law.
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(RSMo 1939 § 7887, A. 1949 H.B. 2084, A.L. 1967 p. 445)
Prior revisions: 1929 § 5293; 1919 § 11681; 1909 § 1090
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.180 - False report of corporation solvency.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 1949
361.180. False report of corporation solvency. —
1. If the director, any deputy or examiner knowingly and wrongfully reports any corporation as solvent when it is insolvent or insolvent when it is solvent, any person injured thereby shall have a right of action on the official bond of such director, deputy or examiner for his injuries and damages sustained.
2. Such action shall be brought in the name of the state at the relation of the injured party.
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(RSMo 1939 § 7886, A. 1949 H.B. 2084)
Prior revisions: 1929 § 5292; 1919 § 11680; 1909 § 1089
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.190 - Claims entitled to priority, liquidation or insolvency.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 1993
361.190. Claims entitled to priority, liquidation or insolvency. —
In case of the insolvency or voluntary or involuntary liquidation of any corporation to which this chapter is applicable, the following claims shall have priority in the order herein specified:
(1) All unpaid charges lawfully assessed against it by the director and all unpaid penalties and forfeitures incurred by it under any section of this chapter, and all expenses of liquidation;
(2) The depositors and depository institutions having an approved claim against the general liquidating account of the bank;
(3) The general creditors having an approved claim against the liquidating account of the bank;
(4) The claims otherwise proper which were not filed within the time prescribed in this chapter;
(5) The stockholders of the bank.
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(RSMo 1939 § 7894, A.L. 1986 H.B. 1195, A.L. 1993 H.B. 231)
Prior revisions: 1929 § 5300; 1919 § 11688
CROSS REFERENCE:
Assessment by director of finance, bank liable for, when, 362.405
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.200 - Unclaimed deposits, dividends and interest — deposit by director in trust — preference.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 1939
361.200. Unclaimed deposits, dividends and interest — deposit by director in trust — preference. —
1. The director may take and hold as trustee for the owners thereof any sums which remain due to and unclaimed by any creditor, depositor, stockholder or shareholder of any corporation, to which this chapter is applicable, after the completion of the voluntary or involuntary liquidation of the business and affairs of such corporation.
2. Whenever such sums are received by the director and he is not in possession of the business and affairs of such corporation, he shall give his receipt for such moneys and shall forthwith deposit them in one or more solvent state banks, trust companies or savings banks, to the credit of the director in trust for the persons entitled thereto.
3. At the completion of a liquidation by the director or any receiver, he shall in like manner deposit such moneys at the expiration of six months after the order for final distribution.
4. All such deposits by the director shall be entitled to priority of payment in case of the insolvency or voluntary or involuntary liquidation of the depositary on an equality with any other priority given by this chapter.
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(RSMo 1939 § 7897)
Prior revisions: 1929 § 5303; 1919 § 11691
(1951) Where, after closing of bank, plans were adopted resulting in transfer of part of assets and equal percent of liabilities to another bank and remainder to liquidating trustees, transfer to trustees was assignment for benefit of creditors under § 470.010 so that unclaimed liquidating dividends in hands of trustees escheat. Jones v. Fidelity Nat. Bank & Trust Co., 362 Mo. 712, 243 S.W.2d 970.
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.220 - Index of persons entitled to unclaimed sums — payment to persons entitled.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 1939
361.220. Index of persons entitled to unclaimed sums — payment to persons entitled. —
1. The director shall keep in his office an index of the names of all persons for whom he holds in trust any unclaimed deposits, dividends or interest and of the names of all persons reported to him by any corporation as entitled to any such unclaimed deposits, dividends or interest held by such corporation.
2. Whenever any person shall show by evidence satisfactory to the director that he is lawfully entitled to receive any such money the director shall indicate to him the corporation by which it is held, or, if the director holds such money in trust, he may pay it over to such person.
3. In case of doubt or conflicting claims, he may require of the claimant an order of the circuit court authorizing and directing the payment thereof, but for any payment made by him in good faith, by check or order payable to the creditor, depositor, stockholder or shareholder appearing from the record in his office to be entitled thereto, he shall be held harmless and shall not be liable to any subsequent claimant.
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(RSMo 1939 § 7899)
Prior revisions: 1929 § 5305; 1919 § 11693
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.230 - Branch offices — approval — certificate.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2019, 2 histories
361.230. Branch offices — approval — certificate. —
1. Upon receipt by the director of a written application for leave to open a branch office from a corporation authorized by law to open branch offices, he or she shall make such investigation as he or she may deem necessary to ascertain whether the public convenience and advantage will be promoted by the opening of the branch office and whether the corporation has the amount of actually paid-in capital required by law.
2. If satisfied that the granting of the application is expedient and desirable, he or she shall make a certificate under his or her hand and official seal authorizing the opening and occupation of the branch office and specifying the date on or after which and the condition under which it may be opened and the place where it shall be located.
3. If the director shall be satisfied that the opening of the branch office is undesirable or inexpedient or that the corporation has not the requisite amount of capital actually paid in, he or she shall refuse the application and notify the corporation of his or her determination; provided, that this section shall not be construed to empower the director to grant a certificate for any bank or trust company organized under the laws of this state to maintain in this state any branch bank or branch trust company.
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(RSMo 1939 § 7902, A.L. 1967 p. 445, A.L. 2000 S.B. 896, A.L. 2019 S.B. 179)
Prior revisions: 1929 § 5308; 1919 § 11696
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.240 - Director's approval — discretion — filing — written waivers required.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2008
361.240. Director's approval — discretion — filing — written waivers required. —
1. In any case in which the law makes the approval of the director a condition precedent to the doing of any act, unless otherwise provided by law, it shall lie within his sound discretion to grant or refuse his approval.
2. Such approval, if granted, shall be in writing and a copy thereof shall be filed in the office of the director.
3. Whenever the director of finance or the director of credit unions takes any action during a state of emergency authorized under section 44.100, the director or his or her designee shall, as soon as practicable, file written waivers, suspensions, actions, and directives in the office of the director.
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(RSMo 1939 § 7900, A.L. 1967 p. 445, A.L. 2008 S.B. 951)
Prior revisions: 1929 § 5306; 1919 § 11694
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.250 - Extensions of time by director.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 2019, 2 histories
361.250. Extensions of time by director. —
For satisfactory cause to him shown, the director of finance may grant extensions of time to corporations to which this chapter is applicable, as follows:
(1) He or she may extend for not more than one year the time within which any such corporation may commence business. Such extension shall only be made by an order under his or her hand and official seal;
(2) He or she may extend, for not exceeding twenty days, the time within which any such corporation is required to make and file any report to the director;
(3) In all other cases where, by any provision of this chapter, he or she is given power to grant extensions of time, it shall be within his or her sound discretion to grant such extension.
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(RSMo 1939 § 7901, A.L. 1980 H.B. 1195, A.L. 1981 S.B. 5 Revision, A.L. 2000 S.B. 896, A.L. 2019 S.B. 179)
Prior revisions: 1929 § 5307; 1919 § 11695
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 361 - Division of Finance and Powers of Director of Finance › Section 361.259 - Director's powers extend to out-of-state banks operating in Missouri.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361
• Effective - 28 Aug 1995
361.259. Director's powers extend to out-of-state banks operating in Missouri. —
The director's powers in sections 361.260 to 361.269 and the procedures described in such sections shall apply to any out-of-state bank which operates a Missouri branch to the same extent such powers and procedures apply to Missouri banks.
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(L. 1995 H.B. 63, et al.)